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Jul 10, 2013

Price haggling delays South Korea F-X III decision

South Korea's F-X III competition for 60 fighters appears to have temporarily broken down over pricing.
Seoul's official news agency, Yonhap, quotes Defence Acquisition Program Administration (DAPA) spokesman as saying that bids for the requirement have come in over budget, despite 55 separate price bids during three weeks in June.
The competitors for the dealare the Lockheed Martin F-35A Joint Strike Fighter, Boeing F-15 Silent Eagle and Eurofighter Typhoon.
The budget for deal is won (W) 8.3 trillion ($7.3 billion) for the 60 aircraft.
flightglobal

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