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South Korea cancels F-16 upgrade deal with BAE Systems: Pentagon

BY ANDREA SHALAL
WASHINGTON Wed Nov 5, 2014 6:29pm EST
(Reuters) - The U.S. government on Wednesday said it had canceled, at the request of South Korea, a preliminary contract with the U.S. unit of Britain's BAE Systems (BAES.L) to upgrade 134 F-16 fighter jets, ending a major arms deal initially valued at $1.7 billion.

The unusual move, announced by the Pentagon's Defense Security Cooperation Agency, paves the way for South Korea to pursue a similar upgrade deal with Lockheed Martin Corp (LMT.N), the warplanes' original manufacturer.

Republic of Korea Requests U.S. Government Terminate KF-16 Upgrade Contract with BAE

On November 5, 2014, at the request of the Government of the Republic of Korea, the U.S. Government notified BAE Systems Technology Solutions & Service of Rockville, Maryland, that it would terminate for convenience a contract with BAE for initial development and long lead production in support of the Republic of Korea KF-16 fighter aircraft upgrade.  This contract was the first of a two-phase Foreign Military Sales (FMS) procurement for the upgrade of 134 KF-16s.  The U.S. Government will work with BAE to close out the contract.

Defense News Interviews VADM Joe Rixey

Defense News with Vago Muradian
DSCA's Strategic Plan: Vision 2020
VADM Joe Rixey, Director of the Defense Security Cooperation Agency, on the agency's future.

A link to the article is available here.

Cost of Foreign Military Sales Reduced

WASHINGTON, November 3, 2014 -- The Defense Security Cooperation Agency (DSCA) announced today that it is reducing the cost to its international customers of doing business through the Foreign Military Sales (FMS) program.  Effective 1 December 2014, the FMS Contract Administration Services (CAS) Surcharge Rate will decrease from 1.5 percent to 1.2 percent.  

US Military Sales to Allies Tops $34B in 2014

Article Sourced From:
Defense News Oct. 27, 2014

Article By:
Paul McLeary

Fiscal Year 2014 Foreign Military Sales Exceed $30B

WASHINGTON, October 27, 2014 - The Defense Security Cooperation Agency (DSCA) announced sales of $34.2 billion for Fiscal Year 2014.  

Sales under the government-to-government Foreign Military Sales (FMS) Program totaled $31.2 billion while sales executed using non-FMS cases managed under various security cooperation authorities totaled $3.0 billion for Fiscal Year 2014.

DSCA Releases New Plan To Battle Increasing Global Competition

Article Sourced From:
InsideDefense.com, October 1, 2014

Reforms Push New Day for US Foreign Military Sales

Article Sourced From:
Defense News Oct. 1, 2014

Article By:
Paul McLeary

DSCA Needs To Evolve To Fit In New World Norm, Director Says

Article Sourced From:
Inside the Pentagon. Vol 30, No. 39, September 25, 2014

Article By:
Scott Maucione

Hagel: DoD to Begin Safety Testing for Ebola Vaccine Candidate

WASHINGTON, Sept. 26, 2014 — The Defense Department has made critical contributions to the fight against the deadly Ebola outbreak in West Africa, and today Defense Secretary Chuck Hagel described additional ways the Pentagon is helping in the broader battle against infectious disease outbreaks of the future.

He spoke at a gathering of top government and military officials and infectious disease experts from 44 countries here to attend the Global Health Security Agenda, or GHSA, Summit hosted by President Barack Obama.

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