South Korea reopens tender for $8bn fighter jet programme | Simon Mundy and Song Jung-a
South Korea will restart an $8bn tender for a new fleet of fighter jets after a three-way race between Boeing, Lockheed Martin and the Eurofighter consortium failed to produce a winner.
The defence ministry’s announcement on Tuesday followed weeks of domestic controversy. The government, under pressure to meet ambitious social spending pledges, had looked set to choose Boeing’s F-15 jet as a cheaper alternative to Lockheed Martin’s more advanced F-35.
FULL ARTICLE (Financial Times)
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