, Korea signed contracts to purchase $2.707 billion worth of arms and military-related construction from the United States in the 2006 fiscal year (FY), mostly through commercial licenses, a tally by the Defense Security Cooperation Agency said Sunday (March 4).
The government-to-government contracts for military articles, services, construction and design totaled $409.6 million for the period that covers October 2005 to September 2006.
Commercially-licensed contracts were worth $2.298 billion.
The latter saw a sharp rise in recent years, jumping from approximately $28 million in FY 2003 to $328 million the following year. The 2006 figure marks another leap from $1.48 billion in FY 2005.
Korea, along with Japan, accounted for the majority of U.S. military sales contracts with the Asia-Pacific region, according to the agency
Kremlin rejects US claims Russia used ‘chemical weapon’ in Ukraine
The Kremlin on Thursday rejected allegations by the United States that Russian forces had used a "chemical weapon" in Ukraine...