South Korea's defense ministry said Thursday that newly developed anti-submarine guided missiles will be deployed on destroyers by 2012 to beef up the country's naval defense, according to Yonhap News.
South Korean destroyers will begin to carry about 60 to 70 long-range anti-submarine missiles, nicknamed "Red Shark," in three years, said the ministry after a meeting on mid-term arms procurement plans.
Red Sharks, which are capable of hitting underwater targets after first flying over water, were developed through a 100 billion won (US$8 million) project in June. Each Red Shark missile is known to cost approximately 2 billion won.
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