WASHINGTON, Jul 5, 2016 - The State Department has made a determination approving a possible Foreign Military Sale to the Republic of Korea for SM-2 Block IIIB Standard missiles, containers and support. The estimated cost is $65 million. The Defense Security Cooperation Agency delivered the required certification notifying Congress of this possible sale on July 1, 2016.
The Republic of Korea has requested a possible sale of:
Major Defense Equipment (MDE):
This request also includes the following Non-MDE: personnel training and training equipment, publications and technical data, U.S. Government and contractor technical assistance, and other related logistics support.
The total estimated value of MDE is $60 million. The total overall estimated value is $65 million.
The Republic of Korea (ROK) is one of the major political and economic powers in East Asia and the Western Pacific and a key partner of the United States in ensuring peace and stability in that region. It is vital to U.S. national interests to assist our Korean ally in developing and maintain a strong and ready self-defense capability.
The ROK Navy (ROKN) intends to use the SM-2 Block IIIB Standard missiles to supplement its existing SM-2 Block IIIA/IIIB inventory. The proposed sale will provide a defensive capability while enhancing interoperability with U.S. and other allied forces. The Republic of Korea will have no difficulty absorbing these additional missiles into its armed forces.
The proposed sale of this equipment and support will not alter the basic military balance in the region.
The principal contractor will be the Raytheon Electronic Systems Company in Tucson, Arizona.
There are no known offset agreements proposed in connection with this potential sale.
Implementation of this proposed sale will not require the assignment of any additional U.S. Government or contractor representatives to the Republic of Korea. However, U.S. Government or contractor personnel in-country visits will be required on a temporary basis in conjunction with program technical oversight and support requirements.
There will be no adverse impact on U.S. defense readiness as a result of this proposed sale.
This notice of a potential sale is required by law and does not mean the sale has been concluded.
Source: Defense Security Cooperation Agency (DSCA)
Date: Jul 5, 2016