Korea Sets Goal of $1.5 Bil. of Arms Sales This Year
By Jung Sung-ki
Staff Reporter
The Defense Acquisition Program Administration (DAPA) has set a goal of achieving $1.5 billion in defense exports this year, up 28 percent from last year's 1.17 billion, the largest amount ever.
``To this end, pan-government efforts to pioneer worldwide defense markets and come up with related measures will be implemented,'' a DAPA spokesman said.
Last year's exports marked a 13 percent increase from the previous year's $1.03 billion, he said.
Key export items included depot level maintenance for submarines, submarine combat systems, wheeled armored vehicles, spare parts for the KT-1 basic trainer and military communication systems, the spokesman said.
About 100 domestic defense companies contributed to expanding arms sales abroad last year, he added.
The spokesman said the T-50 Golden Eagle supersonic trainer jet was a key defense good for export next year.
The trainer jet, jointly built by Korea Aerospace Industries and Lockheed Martin of the U.S., is competing for a trainer acquisition deal in Singapore, which is expected
Jan 5, 2010