South Korea plans to purchase 12 anti-submarine warfare helicopters for $780 million of which it wants the foreign contract to part with technology or other benefits worth $400 million.
"(We) plan to push for an offset package with the size of around $400 million," the Defense Acquisition Program Administration (DAPA) was quoted by Yonhap Wednesday, as it began a search for domestic firms to join the program.
If selected, they will receive technology transfer or military equipment export support in the envisioned quid pro quo agreement, the news agency reported.
South Korea has already bought eight AW-159 shipborne anti-submarine helicopters, also known as Wildcats.
The agency plans to open a bid for the acquisition project next year so that the Navy can deploy new choppers starting in 2020.
Leonardo Helicopters, the manufacturer of the AW-159, hopes for a repeat order. Other candidate models include Sikorsky's MH-60R and NHIndustries' NH-90.
US and South Korea have reached a final agreement on removing the limit on the payload of South Korean ballistic missiles. The agreement came at a bilateral summit between the two presidents, Moon Jae-in and Donald Trump at the South Korean presidential office Cheong Wa Dae,
South Korea conducted trials of two Cheongung anti-aircraft guided missiles and hit a mock target in its first live-fire mission since the homegrown missile was deployed. The Cheongung medium-range surface-to-air missile (KM-SAM) was among the weapons systems mobilized for a firing contest hosted by the Air Defense Artillery Command
South Korean Navys latest warship, the landing ship built under the LST-II program was launched on Thursday and named as ‘No Jeok Bong. The 4,900-ton Cheon Wang Bong-class ship has two helipads and can accommodate choppers, mechanized landing craft, amphibious assault vehicles and more than 300 troops
The South Korean Navy will receive the first of several new generation high-speed patrol boats for operation near the border with North Korea in the Yellow Sea. The new 230-ton patrol killer medium rocket ship will be delivered in a ceremony to be held at Busan shipyard of Hanjin Heavy Industries later today, according to the South Korean Defense Acquisition Program Administration officials quoted in the Korean media
Completion of South Korea's home-made short-range missile system, KTSSM could be delayed by four years because the United States is yet to approve the export of components essential to make the missile operational, local newspaper Hankyoreh and news agencies reported Wednesday. The KTSSM surface-to-surface missile was successfully test-launched on Tuesday, the media reports said quoting the South Korean Military
South Korea today launched a 3,000-ton home-made submarine capable of launching ground-attack ballistic missiles from six vertical launching tubes. The launch of the diesel-electric air-independent propulsion submarine, took place at the Okpo Shipyard of Daewoo Shipbuilding and Marine Engineering Co
South Korea and Denmark will test a maritime safety and communication system on the shores of South Korean city of Busan. The Denmarks Maritime Authority along with South Koreas ministry of oceans and fisheries will conduct the test, Yonhap reported Saturday
The South Korean Army carried out an air-to-surface missile firing exercise using eight Apache attack helicopters on Monday. Each of the copters fired one Hellfire guided missile at a shooting range in the waters off the western coastal city of Gunsan, according to the Army,
South Korea may develop its own nuclear-powered submarines or purchase them from US to deal with North Korean submarine-launched Ballistic missile (SLBM) threats. President Moon Jae-in and US President Donald Trump reached the agreement during their summit in Seoul on Tuesday, to begin consultations on South Korea's acquisition and development of cutting-edge weapons that would include nuclear-powered submarines and surveillance assets, The Korea Times reported Friday
South Koreas Korean Aerospace Industries (KAI) will put the KUH-1 Surion helicopter to another icing test in Michigan from December to March as it seeks to export the helicopter to countries with sub-zero weather conditions. The helicopters were suspended after the Board of Audit and Inspection of Korea (BAI) released a report in July saying that engine parts of the Surion ice up at minus 30 degrees Celsius and could cause serious safety problems
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