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South Korea Signs LOA For PAC-3 Missiles

Pat Host

Friday, April 3rd, 2015

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South Korea Signs LOA For PAC-3 Missiles

Lockheed Martin's PAC-3 missile, part of the Patriot air defense capability. (Photo: Lockheed Martin)

HUNTSVILLE, Ala.--South Korea, for the first time, procured Lockheed Martin's [LMT] Patriot Advanced Capability-3 (PAC-3) missile capability by entering into a letter of offer and acceptance (LOA) with the United States, a company official told Defense Daily.Lockheed Martin Vice President for PAC-3 Programs Scott Arnold said April 1 he expects a formal contract to be finalized within the next couple of months. In addition to buying PAC-3 missiles, Arnold said South Korea will also procure fire solution computers and launcher…

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