SEOUL, Oct. 23 (Korea Bizwire) — South Korean and foreign defense companies signed business contracts worth more than US$6 billion during the latest biennial arms exhibition held south of Seoul, its organizers said Monday. A total of $6.05 billion worth of deals were signed during the Seoul International Aerospace & Defense Exhibition (ADEX), sharply up [...]
SEOUL, Oct. 17 (Korea Bizwire) — President Yoon Suk Yeol pledged on Tuesday to enhance the competitiveness of the country’s defense industry, saying that it is writing new history in a rags-to-riches narrative. Yoon made the remarks during the opening ceremony of the Seoul International Aerospace & Defense Exhibition (ADEX) 2023 at Seoul Air Base [...]
SEOUL, Oct. 17 (Korea Bizwire) — South Korea’s defense ministry will open an annual international defense forum in Seoul on Tuesday for talks on promoting peace and cooperation against regional and global security challenges. The Seoul Defense Dialogue will bring together some 800 high-level security officials and civil experts from 56 countries, the North Atlantic [...]
SEOUL, Oct. 17 (Korea Bizwire) — South Korea is set to open its largest-ever defense exhibition Tuesday to boost exports of its latest weapons and technologies, with aerial displays of the homegrown KF-21 fighter jet and U.S. strategic bomber B-52. The Seoul International Aerospace & Defense Exhibition (ADEX) 2023 takes place at Seoul Air Base [...]
SEOUL, Oct. 16 (Korea Bizwire) — South Korea and the United States are expected to sign an arrangement aimed at bolstering bilateral security supply chains this month, Seoul’s arms procurement agency said Monday, amid the allies’ efforts to step up security cooperation. In a policy report for a parliamentary hearing, the Defense Acquisition Program Administration [...]
SEOUL, Oct. 13 (Korea Bizwire) – The Seoul International Aerospace and Defense Exhibition, known as Seoul ADEX, is set to take place from October 17 to 22 at Seoul International Airport in Seongnam, South Korea. Seoul ADEX is South Korea’s premier comprehensive trade exhibition dedicated to the aerospace and defense sector, held every two years. This year’s [...]
WASHINGTON, Sept. 13 (Korea Bizwire) — The United States is concerned about growing defense cooperation between North Korea and Russia, a National Security Council (NSC) official said Wednesday, adding the U.S. will take appropriate steps if necessary to counter any potential arms deal between the two countries. John Kirby, NSC strategic communications coordinator, underscored that [...]
SEOUL, Sept. 13 (Korea Bizwire) — South Korea’s industry ministry said Wednesday it discussed ways with Airbus Defense and Space to boost cooperation on the development of next-generation fighter jets and other advanced technologies. First Vice Industry Minister Jang Young-jin met with Airbus DS CEO Michael Schoellhorn in Seoul, and exchanged opinions on details about [...]
SEOUL, Jul. 18 (Korea Bizwire) — South Korea’s military is mulling over partly financing major firepower projects with private funds, an official said Tuesday. South Korea is pushing for the establishment of a “three-axis” platform to help defend itself against North Korea’s growing nuclear and missile threats. The three elements are the Kill Chain pre-emptive [...]
SAN DIEGO, Jun. 13 (Korea Bizwire) — Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a leading National Security Solutions provider, today announced the company will officially unveil a new class of unmanned aerial systems that represent the future of air combat at the 2017 Paris Air Show. Kratos is at the forefront of unmanned aerial [...]