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  • Tuesday, April 23, 2024

State Dept Clears $2B in Foreign Arms Sales With South Korea, Lebanon


PatriotMissileThe State Department has approved two separate foreign military sale agreements worth approximately $2.37 billion combined for South Korea to purchase the Aegis Combat System and Lebanon to buy A-29 Super Tucano aircraft.

The Defense Security Cooperation Agency said Tuesday the principal contractors on the $1.91 billion Aegis sale to South Korea are Lockheed Martin (NYSE: LMT), Raytheon (NYSE: RTN) and General Dynamics (NYSE: GD).

DSCA also named Sierra Nevada Corp., BAE Systems,  Pratt & Whitney,  Terma North America and an L-3 Communications (NYSE: LLL) subsidiary as principal contractors on the $462 million deal with Lebanon.

Both contracts also include associated parts, equipment and logistics services.

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