Final hours! Save up to 50% OFF InvestingProCLAIM SALE

Japan to put new Aegis radars on warships after cancelling ground stations: Asahi

Published 12/06/2020, 08:46 PM
Updated 12/06/2020, 08:50 PM
LMT
-

TOKYO (Reuters) - Japan will put new powerful Aegis radars on warships to upgrade its defences against possible ballistic missiles fired by North Korea after it cancelled plans to deploy them at two ground-based stations, the Asahi newspaper reported.

Prime Minister Yoshihide Suga's government is likely to approve the recommendation by the country's National Security Council before the end of the year, although any decision on type of vessel or cost will be left until next year, the paper said, citing unidentified sources.

A defence ministry spokesman declined to comment.

Deploying the new Aegis radars could cost twice as much and take up to three years longer to complete than the ground-based versions, which were expected cost of around $2 billion to build, a source with knowledge of the proposal told Reuters earlier.

In June, then defence minister Taro Kono suspended plans for two Aegis Ashore sites, citing the possibility that interceptor missile booster rockets could fall on nearby residents.

Fitted with Lockheed Martin Corp (NYSE:LMT) SPY-7 radars that will have at least three times the range of older Aegis systems deployed on Japanese navy destroyers, the upgrade will allow Japan to use new interceptor missiles to target warheads in space fired by North Korea or other potential foes, including China and Russia.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.