South Korean government has allowed electronics companies to join a weapons procurement project for the first time.
South Korea plans to buy additional 90 air-to-ground Taurus-class missiles from Germany and have asked local technology firms to submit a list of products that they wish to sell to the German firm, Korea Herald quoted unnamed sources as saying Tuesday.
The Korea Electronics Association, a lobby group for electronics and technology firms, asked its members to submit the list by Thursday, the source said.
"We can sell personal computers and electric parts to Taurus in exchange for our military's purchase of Taurus missiles," the source said on condition of anonymity.
The Taurus missile mounted on F-15K fighter planes can hit key facilities in Pyongyang from the sky over Daejeon, 164 kilometers south of Seoul, they said. The missile has a range of 500 kilometers.
Under an "offset" procurement program, a foreign contractor is obliged to undertake local investment or buy local products when they sign a weapons deal with the South Korean government.
So far, local defense-related firms have mainly benefited from such arrangements, but the government decided to allow electronics, electric and aerospace firms to join the program, according to the insider.
South Korean President Moon Jae-in has named Air Force Gen Jeong Kyeong-doo as the new Joint Chiefs of Staff in a major reshuffle of military leadership. The cabinet has passed the decision and the National Assembly will decide a schedule for the confirmation hearing,
Philippines President Rodrigo Duterte has planned to double the size of Philippine Air Forces (PAF) fleet of fighter jets by buying 12 more FA-50PH aircraft from South Korea. “I want to build a strong nation,” the President was quoted by news portal
Taurus Systems, a joint venture of MBDA and SAAB has handed over the first lot of Taurus KEPD 350K stand–off missiles to the Republic of Korea Air Force (RoKAF). The ceremony, which saw the participation of representatives from the Defense Acquisition Program Administration (DAPA) and the RoKAF, was performed at the headquarters of Taurus Systems GmbH in Schrobenhausen, Bavaria, and marked the start of series deliveries, MBDA said in a statement Friday
South Korea plans to buy additional "jamming proof" Taurus air-to-ground guided missiles that can be carried on its F-15K fighters. "The military has recently decided to acquire 90 more Taurus missiles to further beef up its anti-nuclear and anti-missile capabilities
South Korea plans to deploy "jamming proof" Taurus air-to-ground guided missiles that can be carried on its F-15K fighters in a bid to boost its strike capabilities by the end of this year to counter military threats from North Korea. "Taurus missiles combined with GPS receivers and the flight termination system, or FTS, will be deployed in two to three months with the Air Force," an official from the Defense Acquisition Program Administration (DAPA) was quoted as saying by
The Korean National Assembly has recommended that its government re-examine plan to buy European long-range air-to-ground missiles and high-altitude surveillance aircraft from the United States, citing too high price tags, according to the Korea Herald. The defense acquisition plan to buy Taurus missiles and Global Hawk unmanned aerial vehicles should be "reviewed again in a (future) parliamentary budget deliberation process
Saab has received an order from TAURUS Systems GmbH for deliveries of components and hardware to the TAURUS KEPD 350 stand-off missile system. The order value amounts to approximately SEK 236 million (US$ 28 million) and deliveries will take place during the period 2019-2020
South Korea's Air Force successfully test-fired a 500-kilometer-range advanced air-launched cruise missile during its first live-fire exercise in South Chungcheong Province, on Tuesday. The Air Force's F-15K fighter jet fired a Taurus missile, which flew some 400 kilometers and precisely hit an intended target in the coastal waters off Gunsan, North Jeolla Province,
South Korea and the US plan to deploy a nuclear-powered aircraft carrier, strategic bombers and Taurus guided missiles mounted on F-15K fighter jets in Seoul as a response to North Korean latest nuclear test. The South Korean National Assemblys defense committee in its report state that its military will stage a unilateral live-fire drill involving Taurus air-to-surface guided missiles mounted on F-15K fighter jets this month, Seouls defense ministry was quoted as saying by Yonhap Monday
South Korea will create a task force on military reform by early next month. The move comes days after President Moon Jae-in ordered measures to streamline the armed forces in order to root out corruption related to arms development and purchases, Yonhap reported Wednesday
The United States has commenced modernizing its Patriot missile interceptors deployed in South Korea. The 35th Air Defense Artillery Brigade of the US Army has finalized an eight-month interceptors renovation program, as a result of which old systems were replaced and modern technologies were introduced,
North Korea is projected by the end of 2020 to have 25 to 60 nuclear weapons, a US think tanks report on Pyongyangs nuclear capabilities says. The “worst case” estimate of 60 nuclear weapons would involve the operation of the Experimental Light Water Reactor, David Albright, founder and president of
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