Sponsor

Poland to spend $2.9 billion on missile equipment from South Korea, US

0
2K

Poland’s Ministry of National Defence has signed a contract to buy 72 K239 Chunmoo multi-barreled missile launchers from South Korea’s Hanwha Aerospace for roughly $1.6 billion, the company said in a statement.

The deal was inked on April 25 during an official visit of a Polish delegation to South Korea led by First Deputy Defence Minister Paweł Bejda.

The development comes amid heated negotiations between Warsaw and Seoul on the financial terms of ongoing South Korean weapon deliveries to Poland, which were contracted by the previous Polish government. Sworn in last December, the Cabinet of Prime Minister Donald Tusk inherited a number of major deals for the purchase of FA-50 light attack aircraft, K9 howitzers, K2 Black Panther tanks, and Chunmoo launchers.

The previous government of the right-wing Law and Justice party had inked framework contracts with Seoul, but financing for a large share of the gear still needs to be secured by the incumbent centrist Cabinet. Deliveries were initiated in 2023, but numerous tranches covered by the signed framework deals have yet to be bought through what Polish have called executive contracts. Warsaw and Seoul have engaged in intense negotiations to work out the financial terms of further purchases.

In February 2024, Polish Deputy Prime Minister and Defense Minister Władysław Kosiniak-Kamysz criticized the initial terms offered by Seoul as unfavorable to Warsaw.

Meanwhile, Poland has received the U.S. State Department’s approval to buy 360 Advanced Anti-Radiation Guided Missiles - Extended Range (AARGM-ER) from the United States, according to an April 25 statement from the Pentagon’s Defense Security Cooperation Agency. The envisioned deal, which includes maintenance support and spares, could be worth some $1.275 billion. Congress must still approve the export.

Northrop Grumman makes the AARGM-ER missile.

Sponsor
Căutare
Sponsor
Categorii
Citeste mai mult
Literature
Waste Management Market – Global Industry Analysis and Forecast (2024-2030)
Market Overview The global market for the “Waste Management Market” was valued...
By Rishikeshmmr 2024-12-23 05:03:32 0 2K
Alte
Plush Toy Market Industry Outlook, Size, Share, Growth, Trend and Forecast to 2033
Plush Toy Market The Global Plush Toy Market size is projected to grow at a CAGR of...
By prajuu 2024-12-17 05:30:02 0 1K
Health
Middle East and Africa Spinal Fusion Market: Emerging Potential
Spinal fusion surgery stands as a cornerstone in orthopedic care, providing relief to individuals...
By akshada 2024-06-08 10:37:10 0 2K
Home
Unveiling the Future of RF Antennas: A USD 6.4 Billion Market by 2034
The global RF antennas market is experiencing unprecedented growth, driven by increasing demands...
By amitmohite2024 2025-01-06 17:30:59 0 1K
Alte
Hair Transplant Istanbul: The Ultimate Guide to the Best Clinics
  Seeking the best hair transplant clinics in Istanbul can be a daunting task, considering...
By valentinovivaan 2025-03-23 13:15:51 0 1K
Sponsor
google-site-verification: google037b30823fc02426.html