A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending.
Earlier this month, news broke that a trio of South Korean companies had teamed to make an ambitious offer to the Canadian armed forces. The deal: CAN20 to 24 billion …
South Korea Pitches $18 Billion Submarine & Arms Deal to Canada Amid US Tensions Read More
Reports in South Korean media indicate that Indonesia is looking to renegotiate its involvement in joint development of the KF-21 Boramae combat aircraft. Concerned over costs incurred in joint development …
Indonesia Seeks Reduction to KF-21 Program Commitment Read More
South Korea’s Defense Acquisition Program Administration (DAPA) signed off on four weapons programs on April 26, comprising procurement of SM-3 missiles, a new air-to-air missile, frigates, and a Close-In Weapon …
South Korea Approves SM-3 Buy, Plus New Air-to-Air Missile and Fourth Batch of Frigates Read More
South Korea’s onward march as growing global defense supplier continues apace. The latest major sale involves a $3.2 billion deal with Saudi Arabia that was signed back in November, but …
South Korea Nets Big Export Win with $3.2 Billion Air Defense System Deal with Saudi Arabia Read More
Embraer’s C-390 Millennium has been selected by South Korea’s Defense Acquisition Program Administration (DAPA) to fill a new military transport aircraft requirement. The selection is the first by an Asian …
South Korea Selects Embraer’s C-390 for Transport Requirement Read More
A government-to-government Foreign Military Sale (FMS) request by South Korea for acquisition of the F-35 combat aircraft has been approved by the U.S. State Department. Notification of the estimated $5.06 …
Republic of Korea Air Forces Get Clearance to Grow F-35 Fleet Read More The South Korean government has approved a Defense Ministry request to raise the topline defense budget by 4.5 percent nominally year-on-year in 2024. The government intends to submit the budget …
South Korean Government Plans 4.5 Percent Rise for 2024 Defense Budget Read More
In what would prove to be yet another step in the process toward deepening Poland-South Korea defense ties, the Polish government is looking to join South Korea’s KF-21 Boramae combat …
Add the KF-21 Boramae to Poland’s South Korea Shopping Wish-List Read More On January 15, South Korea and the UAE signed two Memoranda of Understanding (MoU) to deepen bilateral defense ties. The first called for continuation of efforts in joint investment and …
South Korea’s Defense Industrial Green Shoots Continue to Spread Afar Read More
Negotiations for an expected 300-unit purchase of South Korean K239 Chunmoo multiple rocket launchers (MRLs) have wrapped up, and a contract should be signed this week, according to Poland’s defense …
Poland Readies Buy of South Korean Multiple Rocket Launchers Read More