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Friday, January 04, 2002 11:37 AM

S.Korea to Buy 111 U.S. Missiles, 29 Launchers

Xinhuanet 2002-01-04 19:34:14

����SEOUL, January 4 (Xinhuanet) -- South Korea will buy 111 tactical ballistic missiles and 29 launchers at a cost of 400 billion won (some 305 million U.S. dollars), the Defense Ministry said Friday.

����Under a finalized agreement with Lockheed-Martin, the country will get all the arms by 2004.

����South Korea is the first foreign country to buy the 300km-rangeArmy Tactical Missile System (ATACMS) developed to replace Lance missiles.

����The multiple ATACMS launcher can carry two missiles capable of obliterating an area, the size of three to four soccer fields.Enditem

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