S. Korea Earmarks 88.6 bln Won for Local Firms’ Key Weapons Parts Development

SEOUL, March 30 (Korea Bizwire) — South Korea will extend support for local defense firms this year to develop key components of major weapons with indigenous technologies, the arms procurement agency said Tuesday. The Defense Acquisition Program Administration (DAPA) designated 14 military hardware development projects and began receiving applications from local firms to replace their [...]