State Dept OKs $1.4B PAC-3 Missile Sale to South Korea

State Dept. photo
State Dept. photo

The State Department has approved a $1.405 billion foreign military sale of Patriot Advanced Capability missiles and components to South Korea.

Raytheon (NYSE: RTN) and Lockheed Martin‘s (NYSE: LMT) missiles and fire control business are the primary contractors for the sale, the State Department said Wednesday.

South Korea has ordered 136 PAC-3 missiles with containers,  flight test targets, telemetry, launchers, trainers, PAC-3 slings, installation kits for TPX-58 identification friend or foe, shorting plugs, global positioning receivers, fiber optic modem, guided missile transporters and AN/VRC-90E radios.

The sale also includes technical documentation, personnel training, technical support services and quality assurance support.

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