Home / Contract Awards / State Dept Clears $2B in Foreign Arms Sales With South Korea, Lebanon

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.

Check Also

Former Symantec Exec Nico Popp Joins Forcepoint as Chief Product Officer

Nico Popp, former senior vice president for cloud and information protection at Symantec, has been named chief product officer of cybersecurity company Forcepoint.

Microsoft Gets Task Order Under DoD’s JEDI Cloud Contract

The Department of Defense has awarded a task order worth $1M to Microsoft (Nasdaq: MSFT) under the potential 10-year Joint Enterprise Defense Infrastructure cloud computing contract.