Arab Today, arab today south korean arms exports hit record 34bn in 2013
Last Updated : GMT 02:18:28
Arab Today, arab today
Arab Today, arab today

South Korean arms exports hit record $3.4bn in 2013

Arab Today, arab today

Arab Today, arab today South Korean arms exports hit record $3.4bn in 2013

Seoul - QNA

 South Korean exports of weapons reached an all-time high of US$3.4 billion in 2013 on strong sales of home-grown aircraft and naval ships, the state-run arms procurement agency said on Thursday. The amount is $1 billion more than that of 2012, and 14 times that in 2006, the Defense Acquisition Program Administration (DAPA) said.Most of their sales came from leading aircraft makers and shipbuilders, which tapped emerging countries in Latin America and the Middle East."Arms exports are meaningful as it boosts competitiveness of South Korean defense firms by expanding their market internationally, overcoming limited demand in the domestic market," DAPA said in a release.South Korean aircraft maker Korea Aerospace Industries (KAI) last month signed a $1.1 billion deal to export two dozen FA-50 light attackers to Iraq, making inroads into the Middle East arms market, according to South Korean News Agency (Yonhap).The FA-50 is a light attack variant of the T-50 Golden Eagle supersonic trainer co-developed by KAI and US defense firm Lockheed Martin, marking the first time for South Korea to export the light attack fighter.KAI has sold T-50 trainer variants to such countries as Indonesia, Turkey and Peru in the past.Last month, STX offshore & Shipbuilding Co., one of South Korea's leading shipbuilders, also signed a $71.3 million deal with Peru to build five patrol ships, following its deal with Colombia to make navy patrol ships.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today south korean arms exports hit record 34bn in 2013 Arab Today, arab today south korean arms exports hit record 34bn in 2013

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today south korean arms exports hit record 34bn in 2013 Arab Today, arab today south korean arms exports hit record 34bn in 2013

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday