UPDATED 12:45 PM PT – Sat. Sept. 15, 2018
The State Department green lights two possible arms deals with South Korea. Reports on Friday said the agreement is worth about $2.6 billion, but that the price could change as negotiations continue.
The agreement includes six maritime patrol aircraft and 64 Patriot Advanced Capability-3 missiles, to help the country defend against China and other regional threats.
Boeing and Lockheed Martin will be the prime contractors for the military upgrades. Congress has the next 30 days to decide if the deal will be given final approval or sent back for review.
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