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In reply to the discussion: STOCK MARKET WATCH -- Wednesday, 26 December 2012 [View all]xchrom
(108,903 posts)25. South Korea Says Advanced US Drones May Be Too Expensive
http://www.businessinsider.com/south-korea-considers-other-drones-2012-12

A visitor is seen walking past a US Air Force Global Hawk surveillance drone during the Seoul International Aerospace and Defense Exhibition at a military air base in Seongnam, south of Seoul, on October 17, 2011.
South Korea is not necessarily committed to buying US Global Hawk surveillance drones, a spokesman said on Wednesday, after the Pentagon requested congressional permission for such a sale.
Seoul's Defense Acquisition Program Administration (DAPA) said it would decide early next year whether to buy the high-altitude unmanned aerial vehicles made by Northrop Grumman that have come with a higher than expected price tag, at $1.2 billion for four of the drones.
"We will decide whether to proceed with the purchase plan only after we receive a letter of intent and carefully study the sale's terms," a DAPA spokesman told AFP.
Yonhap news agency quoted an unidentified top government official as saying Seoul could consider other choices, such as Boeing's Phantom Eye and the California-based AeroVironment Global Observer.
Read more: http://www.businessinsider.com/south-korea-considers-other-drones-2012-12#ixzz2G9w5xW6b

A visitor is seen walking past a US Air Force Global Hawk surveillance drone during the Seoul International Aerospace and Defense Exhibition at a military air base in Seongnam, south of Seoul, on October 17, 2011.
South Korea is not necessarily committed to buying US Global Hawk surveillance drones, a spokesman said on Wednesday, after the Pentagon requested congressional permission for such a sale.
Seoul's Defense Acquisition Program Administration (DAPA) said it would decide early next year whether to buy the high-altitude unmanned aerial vehicles made by Northrop Grumman that have come with a higher than expected price tag, at $1.2 billion for four of the drones.
"We will decide whether to proceed with the purchase plan only after we receive a letter of intent and carefully study the sale's terms," a DAPA spokesman told AFP.
Yonhap news agency quoted an unidentified top government official as saying Seoul could consider other choices, such as Boeing's Phantom Eye and the California-based AeroVironment Global Observer.
Read more: http://www.businessinsider.com/south-korea-considers-other-drones-2012-12#ixzz2G9w5xW6b
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