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South Korea Requests PAC-3 Missiles Worth $1.4 Billion

Friday, November 7th, 2014

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The State Department has approved a possible $1.4 billion Foreign Military Sale (FMS) to South Korea for Patriot Advanced Capability (PAC-3) missiles and associated equipment, parts, and logistical support, the Pentagon said this week. The Defense Security Cooperation Agency (DSCA) notified Congress of the potential sale on Nov. 5. The primary contractors would be Raytheon [RTN] and Lockheed Martin [LMT] if Congress approves the deal. The requested sale includes 136 PAC-3 missiles with containers, two Flight Test Targets (Patriot-As-A-Target or…

Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]

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Senate Appropriators Press On Supplemental’s Requests Beyond Iran Scope, Hegseth Urges Full Funding

Senate appropriators have pressed Pentagon leadership on the decision to include funds in the Iran war supplemental request for items beyond the current military operation, while Defense Secretary Pete Hegseth […]

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House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]

Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]