DX Korea 2022: DAPA lines up new industry quota system
22 September 2022
by Jon Grevatt
Total military expenditure in South Korea is forecast by Janes Defence Budgets to climb from USD52 billion in 2022 to USD62 billion in 2030. In this timeframe, funding for procurement is forecast to grow from about USD9 billion to USD11 billion. (Janes Defence Budgets)
South Korea's Defense Acquisition Program Administration (DAPA) is preparing to launch a new system to encourage collaboration between domestic small and medium-sized enterprises (SMEs) and foreign suppliers to the Republic of Korea (RoK) Armed Forces.
A DAPA spokesperson told Janes on 22 September at the DX Korea 2022 exhibition in Goyang that the new ‘industrial co-operation quota system' will be launched once an amendment to its framework legislation – the Defence Program Act– is approved by the National Assembly of South Korea.
While a specific timeline for this approval has not been confirmed, DAPA has indicated that this could be soon. “The national assembly is internally reviewing the industrial quota system. When the related law is amended, we can implement this instrument,” the DAPA spokesperson said. The proposal to amend the Defence Program Act was submitted by DAPA in 2021.
Indian MoD orders additional BrahMos missiles for navy
23 September 2022
by Oishee Majumdar
A BrahMos PJ-10 missile is launched from the vertical launching system (VLS) of the Rajput-class destroyer INS
(Defence Research and Development Organisation)
India's Ministry of Defence (MoD) has decided to acquire more BrahMos PJ-10 supersonic cruise missiles for the Indian Navy.
The MoD signed a contract worth about INR17 billion (USD213.3 million) with BrahMos Aerospace Private Limited (BAPL) on 22 September for procuring “additional dual-role”-capable BrahMos PJ-10 missiles to “enhance the operational capability of [the] Indian Navy fleet assets”, the MoD said in a media release.
The Indian Navy will be acquiring the “extended-range variant” of the BrahMos missile under this contract, a source in the MoD cognisant of the matter told
on 23 September.
According to the source, the expected range of the BrahMos missiles that will be delivered under this contract is about 350−400 km.
The BrahMos missiles are being primarily acquired for ‘Project 15 Bravo' or the new Visakhapatnam-class destroyers of the Indian Navy, the source said.
In January, the Defence Research and Development Organisation (DRDO) tweeted that the first Visakhapatnam-class vessel, INS
Malaysian navy tables MYR2.4 billion proposal for three more Littoral Mission Ships
23 September 2022
by Ridzwan Rahmat
A Royal Malaysian Navy Keris-class LMS. The service has proposed a MYR2.4 billion plan to procure three improved variants of this class under its 2023 budget. (Pieter Sinke)
The Royal Malaysian Navy (RMN) has laid out a MYR2.4 billion (USD524.84 million) proposal to procure an initial batch of three improved Littoral Mission Ship (LMS) vessels under the country's next defence budget.
Documents provided to Janes indicate that the plan is being proposed under the RMN's ‘Rolling Plan 3' of the 12th Malaysia Plan, which runs from 2021 to 2025. ‘Rolling Plan 3' covers proposals that will be funded in the country's national budget for 2023.
The vessels will be known as the ‘LMS Second Batch' and the three units that have been proposed for funding under its 2023 budget will be the first vessels in a class of eight ships.
Malaysian Minister of Defence Hishammuddin Hussein first disclosed in January 2022 during an annual ministerial address that the country will procure eight more ‘LMS Second Batch' vessels for the RMN as a follow-on to the Keris-class LMS. However, no further details were provided.
US government consulting firm LMI has expanded its work on potential acquisitions since it was purchased by a group of seasoned investors, according to the company's top executive.
LMI, which was earlier able to consider only one or two acquisitions at a time, can now do a “deep dive” on four at a time thanks to the expertise and resources of its new owners, president and CEO Doug Wagoner told
on 13 September. As a result of that faster cadence, LMI expects to complete one or two acquisitions by the end of 2022.
LMI is looking at acquisitions to enhance its capabilities in areas such as agile software development in the space sector and in systems engineering. Acquisitions will accelerate LMI's growth, improving its ability to compete for large contracts. Small contracts are increasingly out of reach for LMI because the government has increased the size of contracts that are set aside for small businesses, according to Wagoner.
“We're trying to punch through against the Booz Allens and the Deloittes,” he said.
In this episode of The World of Intelligence we speak with Neil Spencer on the value of OSINT in the commercial sector.
Neil Spencer is the Director of Strategy and Partnerships for LifeRaft. He has more than twenty years of security indust...