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South Korea Requests PAC-3 Missiles Worth $1.4 Billion

Friday, November 7th, 2014

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The State Department has approved a possible $1.4 billion Foreign Military Sale (FMS) to South Korea for Patriot Advanced Capability (PAC-3) missiles and associated equipment, parts, and logistical support, the Pentagon said this week. The Defense Security Cooperation Agency (DSCA) notified Congress of the potential sale on Nov. 5. The primary contractors would be Raytheon [RTN] and Lockheed Martin [LMT] if Congress approves the deal. The requested sale includes 136 PAC-3 missiles with containers, two Flight Test Targets (Patriot-As-A-Target or…

Congress

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]

Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]

Congress

Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

Members of the Senate Armed Services Committee (SASC) raised concerns at a hearing on Tuesday about the majority of funds in the $153 billion first reconciliation bill being unobligated thus […]

Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]