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Tag: defense procurement plan

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South Korea Signs Off on 4 New Weapons Programs Worth $4.6B

South Korea is looking to invest around $4.6 billion to build its defense capabilities by acquiring new weapons systems through the late 2030s. On Friday, the country’s Defense Acquisition Program Administration approved defense spending plans for new SM-3 missiles and four frigates and the local development of an air-to-air missile. While DAPA said the two...