Defense - Korea: Jun’26 munition/missile exports likely to hit a new record-high

研报英文原文证据摘录

Defense - Korea: Jun’26 munition/missile exports likely to hit a new record-high

Accessible version

Defense - Korea

Jun’26 munition/missile exports likely to

hit a new record-high

Industry Overview

UAE resends C-17 aircraft for early transport of MSAM-II 14 June 2026

The UAE Air Force sent C-17 aircrafts to Korea’s Daegu air base to transport MSAM-II Equity

missile interceptors (6 months ahead of delivery schedule). This is the second early- Republic Of Korea

transport of MSAM-II (first shipments were spotted in Mar’26) with higher delivery scale Defense

(full battery unit of MSAM-II system comprised of multifunction radar and 4 mobile

launchers). The UAE contracted 10 batteries of MSAM-II in 2022 ($3.5bn), with 2 of KJ Hwang >> Research Analyst

them now in active service. Merrill Lynch (Seoul)

+82 2 3707 0460

Jun’26 replenishment exports likely to reach a new record kj.hwang@bofa.com

Dongho Shin >>

On the first 10 days of Jun’26, South Korea’s munitions/rockets/missiles exports rose to Research Analyst

$81.9m, which included replenishment exports to Saudi Arabia ($51.4m). If MSAM-II Merrill Lynch (Seoul)

exports to the UAE additionally contributes with 1 battery ($265m) and 50 missiles dongho.shin@bofa.com

($55m) in mid-Jun’26, monthly exports of munitions/rockets/missiles will likely reach

$402m in Jun’26, surpassing $318m recorded in Mar’26 (outbreak of Iran conflict).

Acronyms

Munition/missile inventory restocking continues unabated UAE: United Arab Emirates

Gulf rearmament associated with munitions/ missiles is accelerating at a stronger-than- MSAM: Mid-range surface-to-air missile

expected pace due to global supply shortage of missile interceptors and new deterrence LSAM: Long-range surface-to-air missile

demand against asymmetric warfare (evolving threats).