South Korea plans to procure more Apache helicopters after budget cut
According to Rep. Yoo Yong-won of the main opposition People Power Party and the defence ministry, the budget for the project was cut from an initial 10 billion won (US$7.3 million) to just 300 million won in the supplementary budget passed by the National Assembly on Friday.
The remaining funds will reportedly be used for another project.
The move follows a May decision by the Joint Chiefs of Staff to formally review the procurement and explore alternative options, including manned-unmanned systems, according to Yoo.
Calling the decision a "positive development," Yoo noted the U.S. Army is also moving away from the aged, high-maintenance Apaches in favour of advanced drone assets like the Grey Eagle to modernise its forces, reported Yonhap news agency.
From the AH-64A in 1984 to today's AH-64E, one thing about the Apache hasn't changed: its reputation as the world's most advanced and proven attack helicopter.
With more than 1,280 aircraft in operation, accumulating over five million flight hours, 1.3 million of which have been in combat, the AH-64 Apache represents the backbone of the U.S. Army's attack helicopter fleet and a growing number of international defence forces.
With the AH-64E in production until at least 2028, the Apache will serve the US Army and its partner nations as the world's primary attack helicopter into the 2060s.
As Boeing and the US Army continue to invest in next-generation technologies, the Apache brings affordable Modular Open Systems Architecture capability to serve as a centrepiece in the Multi-Domain Operations (MDO) battlefield for decades to come.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
United News of India
21 minutes ago
- United News of India
Trump announces 25 pc tariffs on S.Korea and Japan, threatens five other nations with 40 pc duties
Washington, July 7 (UNI) President Donald Trump on Monday said the US will impose 25% tariffs on goods from South Korea and Japan by August 1, while also threatening to hit five other nations with import duties of up to 40% by next month. President Trump posted two nearly identical letters, addressed to Japanese Prime Minister Shigeru Ishiba and South Korean President Lee Jae-myung, on his Truth Social media platform outlining the new tariffs. A 90-day freeze on country-specific U.S. tariffs on dozens of nations, including Japan and South Korea, is scheduled to expire on July 9. In his letters to Japanese PM Shigeru Ishiba and South Korean President Lee Jae-myung, President Trump cited unfair trade balances. "Our relationship, unfortunately, has been far from Reciprocal," the letters read. Trump added in each letter, "We look forward to working with you as a Trading Partner for many years to come. If you wish to open your heretofore closed Trading Markets to the United States, and eliminate your Tariff, and Non Tariff, Policies and Trade Barriers, we will, perhaps, consider an adjustment to this letter." President Trump on Monday afternoon also announced separate tariffs on an additional five trade partners. Myanmar and Laos both face a 40% tariff rate; South Africa imports will be subject to 30% duties; and goods from both Malaysia and Kazakhstan will be taxed at 25%, Trump said in letters posted on Truth Social. Those tariffs are scheduled to kick in August 1 as well, CBS News reported. White House press secretary Karoline Leavitt said during a press briefing Monday that Trump is set to sign an executive order extending the July 9 tariff freeze. The order delays the deadline to "August 1 so the reciprocal tariff rate, or these new rates that will be provided in this correspondence to these foreign leaders, will be going out the door within the next month," Leavitt said. Leavitt added that Trump plans to send tariff letters to "approximately 12 other countries" informing them of new U.S. levies on their goods. She did not indicate when the notices will be sent out, but said Trump will post them on Truth Social "so you can enjoy them yourself." Trump is also expected to announce more deals with U.S. trade partners before the beginning of August, she said. Trump said in each memo that the letter "demonstrates the strength and commitment of our Trading Relationship," and that "we invite you to participate in the extraordinary Economy of the United States."The 25% levies apply to "any and all Japanese products sent into the United States, separate from all Sectoral Tariffs," Trump added in his letter to Japan's Ishiba. He also warned that if either South Korea or Japan raises tariffs on the U.S., the Trump administration will reciprocate by adding that figure to the 25% baseline rate. The 25% tariff is in line with the so-called "reciprocal" rates that President Trump said South Korea and Japan would each face when he unveiled country-specific duties on April 2. At the time, the Trump administration said it would impose tariffs of 24% and 25% on imports from Japan and South Korea, respectively. Meanwhile, Treasury Secretary Scott Bessent claimed the Trump administration would be making "several announcements in the next 48 hours" of trade deals. Bessent claimed that his inbox has been full of offers after Trump elevated his threats to re-impose reciprocal tariff rates. UNI RN
Time of India
22 minutes ago
- Time of India
Trump tariffs: Japan PM says will aim for deal to benefit both countries; vows to protect 'national interests'
Japanese PM Shigeru Ishiba (left) and US President Donald Trump (PTI) Following US President Donald Trump's announcement of 25 per cent tariffs on goods from Japan and South Korea, Japanese Prime Minister Shigeru Ishiba on Tuesday said his government would hold discussions with the United States for a deal which to benefit both the countries. However, Ishiba asserted that Japan's national interests would not be compromised. "I chaired the Comprehensive Response Headquarters for US Tariff Measures. Towards the new deadline of August 1, the government will act with unity to engage in Japan-US consultations and aim for an agreement that will benefit both countries," the PM's Office quoted Ishiba as saying. "...while protecting our national interests to ensure that we pursue what should be pursued, and protect what should be protected by refraining from making hasty decisions. We will also take every possible measure to mitigate the impact on domestic industries and employment," he added. — JPN_PMO (@JPN_PMO) Earlier, Trump cited persistent "trade imbalances" with Japan and South Korea to impose tariffs on America's two crucial allies in Asia. The US president posted letters on his Truth Social platform addressing the leaders of both countries. The letters warned them to not retaliate by increasing their own import taxes, or else Washington would increase import taxes that could damage the auto and electronics sectors of the Asian powerhouses. 'If for any reason you decide to raise your Tariffs, then, whatever the number you choose to raise them by, will be added onto the 25 per cent that we charge,' Trump wrote in the letters to Ishiba and South Korean President Lee Jae-myung. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Mint
24 minutes ago
- Mint
Stock market today: Sensex, Nifty 50 trade rangebound amid Trump's tariffs uncertainty; experts unveil this strategy
Stock market today: The Sensex and the Nifty 50- frontline indices of the Indian stock market- continued trading rangebound Tuesday (July 8) morning as persisting uncertainty over India-US trade deal weighed on investors' risk appetite even as the broader outlook of the domestic market remains positive due to healthy fundamentals. Both indices swung between gains and losses, staying rangebound. The Sensex opened 55 points lower at 83,387.03 against its previous close of 83,442.50, while the Nifty 50 opened 33 points lower at 25,427.85 against its previous close of 25,461.30. Around 9:30 AM, the Sensex traded 102 points, or 0.12 per cent, higher at 83,545, while the Nifty 50 traded 15 points, or 0.06 per cent, at 25,476. (This is a developing story. Please check back for fresh updates.)
