KF-21 approval raises export opportunities for South Korea
According to GlobalData reports, the approval of KF-21 production marks a moment for South Korea's national security strategy, promising enhanced defence capabilities and export potential.
03 April 2024
03 April 2024
According to GlobalData reports, the approval of KF-21 production marks a moment for South Korea's national security strategy, promising enhanced defence capabilities and export potential.
This third follow-on production contract comes as part of a multi-year deal for the missiles that will amount to an award worth $4.5bn through 2025.
The EU Commission has also chosen MBDA to receive investment starting May 2024, facilitating the expansion of Enforcer missile production across Europe.
GlobalData intelligence indicates Russia’s aim of spending 6% GDP on defence after a 30% fiscal spending increase on the Armed Forces.
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