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IMMEDIATE RELEASE

Release No: 419-00
July 19, 2000

PROPOSED FOREIGN MILITARY SALE TO KOREA ANNOUNCED

The Republic of Korea has requested a possible sale of 110 SM-2 Block IIIA Standard missiles, 110 Mk 13 Mod 0 canisters, containers, spare and repair parts, supply support, personnel training and training equipment, publications and technical data, contractor engineering services and other related elements of logistics support. The estimated cost is $159 million.

This proposed sale will contribute to the foreign policy and national security of the United States by helping to improve the security of a friendly country which has been and continues to be an important force for political stability and economic progress in the Northeast Asia.

Korea will use these missiles as the primary defensive system aboard the KDX-II Destroyer for anti-missile ship protection. Korea will have no difficulty absorbing these missiles into its armed forces

The proposed sale of this equipment and support will not affect the basic military balance in the region.

The prime contractor will be Raytheon Systems Co. of Tucson, Ariz. There are no offset agreements proposed in connection with this potential sale.

Implementation of this proposed sale will not require the assignment of any U.S. government representatives in-country. There will be two contractor representatives for six months following the delivery of the missiles to Korea.

There will be no adverse impact on U.S. defense readiness as a result of this proposed sale.