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Friday, February 03, 2012

US defence cuts may affect Seoul's deals

T-50 Golden EagleWashington's decision to curtail defence spending is expected to affect Seoul's efforts to acquire stealth fighter jets and spy drones, and sell its homegrown trainer jets to its ally, experts here said Thursday.

The Pentagon unveiled its 2013 budget plan last week with the aim of saving US$487 billion (S$607.7 billion) over the next decade, as a debt-laden US winds down a decade of war in Iraq and Afghanistan.

It has set a defence budget of US$525 billion - a decrease of US$6 billion from the request for the current fiscal year ending in September. The proposal is expected to be submitted to Congress in the middle of this month.

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