South Korea to develop long-range surface-to-air missile system

The Government of South Korea recently approved a plan for long-range missile defense system development. It will be undertaking the development of long-range surface-to-air missile (L-SAM) II from 2024-2035. The country’s Defense Project Promotion Committee (DPPC) has already approved funding of $2.02 Billion for the development of the L-SAM II. The missile system will be developed…

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Lockheed Martin bags $194 Mn contract to upgrade M270 MLRS to M270A2 level

U.S. Army Contracting Command, Redstone Arsenal, Alabama, has awarded a hybrid contract worth $194 Million approx. to Lockheed Martin Corp to upgrade M270 Multiple Launch Rocket Systems (MLRS) to the advanced M270A2 configuration. The contract includes both cost-plus-fixed-fee and fixed-price-incentive components. The A2 version is equipped with a common fire control system, as well as…

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