After success of Iron Dome against Hamas Rockets South Korea shows interest to buy system 2911123.

Earlier this year, Korean Aerospace Industries Ltd. (KAI) lost the Ministry of Defense tender for the Air Force's new jet trainer to Italy's Alenia Aermacchi, to Korea's bitter disappointment. Sources close to the issue believe that the new deal to buy Korean patrol boats could ease the disappointment in Seoul. In the bidding for the jet trainers, Korea offered reciprocal procurements centered on the Iron Dome missile interceptor. The offer is partly because of the threat to South Korea from North Korean missiles.

Ministry of Defense director general Udi Shani is reviewing the matter. In addition to buying patrol boats from Daewoo, the ministry is considering other reciprocal procurement offers, including from Lockheed Martin Company (NYSE: LMT), which produces the F-35 stealth jet fighter, which the Air Force will use; a German shipyard; or for the patrol boats to be built by Israel Shipyards Ltd. The Ministry of Defense has already considered and dropped the idea of procuring US patrol boats, because of their high cost. Production of the boats in Israel was also dropped after staff work by the Ministry of Defense and Ministry of Finance because of the need for heavy investment in the necessary infrastructure

Israel’s U.S.-funded Iron Dome missile defense system has been, by every appearance, a remarkable success in shooting down rockets fired by Gaza-based Hamas. The expensive system was initially the subject of some skepticism; each Israeli missile costs $50,000 or more, just to shoot down an $800 rocket. Since fighting with Hamas began last week, though, “the naysayers now are few,” as the New York Times put it. Israeli officials say it has a success rate of “80 to 90 percent” and has shot down 300 of the unguided projectiles.