South Korea Extends Bidding for Fighter Jets

South Korea said Thursday it would re-open bidding on a $7.4 billion fighter jet deal next month, citing high prices presented by three aviation giants vying for its largest defense contract to date.
The Defense Acquisition Program Administration (DAPA) announced the decision, after initial bidding procedures were temporarily suspended.
The project to buy 60 advanced planes was launched to replace an aging fleet of F-4 and F-5 jets introduced decades ago.
It has been delayed for months because of South Korea’s position that the price should not exceed the 8.3 trillion won (US $7.4 billion) approved by parliament.
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