Stealing weapons deals from the US Military Industrial Complex? Looks that el presidente of South Korea is asking for some regime change.
Better call Seoul: U.S. watches nervously as Europe turns to South Korea for weapons
South Korea is racking up multibillion-dollar defense deals in Europe as Seoul pushes to become a bigger player in international weapons sales.
And
it’s causing some jitters in the U.S. defense industry.
The contracts for tanks, fighter planes and rocket launchers — all signed within the past three months — come as European capitals look to restock their warehouses after months of sending their own equipment to Ukraine. And Eastern Europe, which normally turns to the U.S. for new weapons, is increasingly considering buying from South Korea instead, which says
it can deliver them faster and cheaper.
South Korean defense firms have long been active in Europe, selling mobile howitzers and small arms to a number of countries over the past half-decade. But those deals have paled in comparison to the $5.8 billion blockbuster contract Poland signed with two South Korean companies in July. The agreement included 980 K2 Black Panther tanks, 672 K9 self-propelled howitzers and 48 FA-50 fighter planes, with deliveries on some of the tanks and howitzers expected to begin by the end of this year. The deals could be worth as much as $15 billion if all of the options are exercised in the coming years.
And last month, Poland signed a contract with South Korean company Hanwha Defense for 288 Chunmoo multiple rocket launchers, with the first batch arriving next year, instead of waiting years to begin receiving the U.S.-made High Mobility Artillery Rocket Systems.
Poland was initially seeking as many as 500 HIMARS from the U.S., but at an Oct. 19 signing ceremony with his South Korean counterpart, Defense Minister Mariusz Błaszczak explained that “unfortunately due to limited industrial capabilities, it will not be possible for the equipment to be delivered in a satisfactory timeframe. Therefore, we started talks with South Korea — our proven partner.”
The sheer size of the contracts, and promises of a fast turnaround on delivery, has caught the attention of the defense industry in the U.S.
“There is concern from U.S. industry that this won’t stop with Poland,” said one industry insider who has dealings multiple U.S. defense firms, and who — like others in this article — requested anonymity to speak about relations between the U.S., Europe and South Korea.
