Oct 24, 2013

South Korea nearing decision to buy F-35 fighters

South Korea is nearing a decision to buy some Lockheed Martin Corp F-35 fighter jets, but will likely keep its options open for a limited purchase of Boeing Co's F-15.
South Korea could announce the plan as early as November to secure the funding needed to ensure initial deliveries of the F-35 in 2017.
South Korea's fighter competition has been closely watched given its importance to Boeing, which is keen to extend its F-15 production line beyond 2016, and to Lockheed, which is trying to drive down the price of the F-35 by securing more buyers.

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