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State Department Clears $271M F-35 Munitions Sale to South Korea

The State Department has approved a possible $271 million foreign military sale agreement with the South Korean government for F-35 munitions and related equipment.

South Korea has requested to buy 39 AIM-120C-8 advanced medium-range air-to-air missiles along with tail kits, guidance sections, all-up rounds, bombs, munitions and spare and repair parts for the F-35 program, the Defense Security Cooperation Agency said Friday.

The potential deal will also include training equipment, technical documentation and publications and engineering, technical and logistics support services.

Lockheed Martin (NYSE: LMT), RTX‘s (NYSE: RTX) missiles and defense unit and Boeing (NYSE: BA) will serve as the principal contractors on the proposed transaction.

DSCA noted that South Korea will use the requested defense articles to equip its fighter fleet with air-to-air and air-to-ground munitions to defend against current and future threats and boost interoperability with U.S. forces.

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