Boeing, S.Korea to Develop Advanced Weapons Systems

Boeing and South Korean arms procurement agency Defense Acquisition Program Administration (DAPA) signed a Memorandum of Understanding (MOU) to jointly research, develop, and market advanced weapons systems of mutual interest.

Ted Colbert, President and CEO of Boeing Defense, Space and Security, signed the MOU with DAPA Minister Eom Donghwan.

This effort also directly supports ROK President Yoon Suk Yeol’s national defense strategy in developing and securing Korean advanced military capabilities. DAPA has committed to support research, development, and export of the defense systems from this co-development initiative. The two parties will establish working committees to meet regularly and identify weapons systems of mutual interest.