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South Korea Requests $1.91 Billion In Aegis Combat System

Tuesday, June 30th, 2015

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The State Department approved a possible $1.91 billion Foreign Military Sale (FMS) request to South Korea for Aegis Combat Systems and associated equipment, parts and logistical support.The Defense Security Cooperation Agency (DSCA) notified Congress of the potential sale on June 9.The primary contractors would be Lockheed Martin [LMT], Raytheon [RTN], and General Dynamics [GD]. Offset agreements are requested, but they are unknown at the time of notice and are to be determined during negotiations between South Korea and contractors.The requested…

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