Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Congress Asked to Arm South Korea Against the North

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Early last month, the Defense Security Cooperation Agency sought congressional approval of two competing weapons sales to South Korea. Under one scenario, the ROK could conceivably order 60 Boeing  (NYSE: BA  )  F-15SE Silent Eagle fighter jets to replace its aging fleet of F-4 Phantoms. Under a second scenario, the Koreans might opt to buy 60 of Lockheed Martin's  (NYSE: LMT  )  F-35 Lightning II Joint Strike Fighters.

Either way, it seemed prudent to secure Congress's OK prior to the ROK making its choice, and so DSCA sought approval from Congress. And yet... fighter jets aren't much use unless they've got bullets to shoot with. And so on Wednesday, DSCA revealed that it's gone back to Congress to seek a pair of additional approvals -- to sell the Koreans either $823 million worth of missiles, bombs, and related equipment to arm the F-15SEs or, alternatively, $793 million worth of similar armaments for the F-35s.

In each case, DSCA explained to Congress that "these aircraft and weapons will provide the ROK with a credible defense capability to deter aggression in the region and ensure interoperability with US forces."

Furthermore, DSCA assured Congress that the "proposed sale will contribute to the foreign policy goals and national security objectives of the United States by meeting the legitimate security and defense needs of an ally and partner nation."

Should the sales be approved, and also requested by South Korea, the contractors supplying these arms will include both Boeing and Lockheed, and Raytheon  (NYSE: RTN  )  and Kaman Corp.  (NYSE: KAMN  )  besides.

The Motley Fool's chief investment officer has selected his No. 1 stock for the next year. Find out which stock it is in the brand-new free report: "The Motley Fool's Top Stock for 2013." Just click here to access the report and find out the name of this under-the-radar company.

Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2448321, ~/Articles/ArticleHandler.aspx, 9/27/2016 1:41:35 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 4 hours ago Sponsored by:
DOW 18,094.83 -166.62 -0.91%
S&P 500 2,146.10 -18.59 -0.86%
NASD 5,257.49 -48.26 -0.91%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/26/2016 4:01 PM
BA $130.57 Down -1.21 -0.92%
Boeing CAPS Rating: ****
KAMN $43.68 Down -0.33 -0.75%
Kaman CAPS Rating: **
LMT $245.53 Down -0.31 -0.13%
Lockheed Martin CAPS Rating: ****
RTN $138.54 Down -0.04 -0.03%
Raytheon CAPS Rating: ****