Sep 27, 2007 19:58 UTC
In 2005, Republic of Korea (ROK, aka. South Korea) Defense Minister Yoon Kwang-ung said that he aimed to increase the defense budget from 2.8% of the total gross domestic product to 3.2% by 2008, a 12.5% increase in relative terms even before economic growth is factored in. In 2006, the government announced plans to cut troop levels from 680,000 to 500,000 by 2020, and funnel more money to modern weaponry. This related move is partly driven by weapons costs that rise much faster than inflation as each new generation is fielded, and partly by the realities of South Korea’s birth rate and future population pyramid.
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Sep 27, 2007 12:17 UTC
Small business qualifier Halbert Construction Co., Inc. in El Cajon, Calif. won $5.6 million for firm-fixed price task order #0004 under a previously awarded $100 million indefinite-delivery/ indefinite-quantity multiple award construction contract (N62473-07-D-2014) that was set aside for service-disabled veteran-owned small businesses. The delivery order covers design and construction of a Headquarters Battalion Armory at Marine Corps Air Ground Combat Center, Twentynine Palms.
Work will be performed in Twentynine Palms, Calif., and is expected to be complete by March 2009. The Naval Facilities Engineering Command Southwest in San Diego, Calif. received 3 proposals for this task order.