This graphic, provided by the Defense Acquisition Program Administration on March 15, 2024, shows a conceptual illustration of a ship-to-air missile intercepting enemy targets. (Image courtesy of Yonhap)
SEOUL, Mar. 15 (Korea Bizwire) — The state arms procurement agency said Friday it has signed a 330.6 billion-won (US$250 million) contract with local defense company LIG Nex1 Co. for the development of a long-range ship-to-air missile by 2030.
The two sides signed the deal Thursday for the air defense weapon to be equipped on a homegrown warship under development to counter North Korean aircraft and cruise missile threats, according to the Defense Acquisition Program Administration (DAPA).
It did not provide the planned specifications of the missile.
South Korea is currently developing the new 6,500-ton Korea Destroyer Next Generation (KDDX) as part of a 7.8 trillion-won project to acquire six destroyers with advanced homegrown combat systems by the 2030s.
DAPA seeks to sign a contract this year for the construction of the first KDDX destroyer.
(Yonhap)
