Overseas Civilian Contractors

News and issues relating to Civilian Contractors working Overseas

45 mil. rounds of M1 ammo exported to US Private Contractor

By Lee Tae-hoon The Korea Times  February 6, 2012

Seoul has sold millions of rounds of leftover M1 ammunition, most of which it believes to have received from Washington during the 1950-53 Korean War to private contractors in the United States, defense sources said Monday.

“Korea exported 45 million rounds of M1 ammunition for 3.96 billion won ($3.53 million) to the United States from 2002 through 2005 to raise money needed to buy new bullets,” a senior defense official said.

He added that South Korea also sold a retired C-500 transport plane for 100 million won in 2006 to PW Arms, an arms importer in the United States.

The official, however, noted it was unclear how much of the aging ammunition was from that given to the South Korean armed forces for free in the 1950s by the U.S. and that produced under license here in the 1970s by Poongsan.

“We have looked into our system, but it was difficult to determine how much of the wartime stocks accounted for the total sales and for what purpose the M1 ammo was imported,” another defense official said

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February 6, 2012 - Posted by | Civilian Contractors, Korea | , , , ,

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