Lockheed Martin (NYSE: LMT) and Boeing (NYSE: BA) have submitted their bids for a $7 billion South Korean fighter jet contract, Bloomberg reports.
Lockheed’s F-35 and Boeing’s F-15 Silent Eagle are among the competitors, South Korea’s Defense Acquisition Program Administration said, according to Sangwon Yoon and Kyunghee Park.
The country plans to finalize the 60-jet order by October, but a December presidential election could delay the decision, local newspaper Hankook Ilbo reported June 16.
In December, Japan agreed to purchase 42 F-35 jets, potentially costing more than $4 billion and making it the country’s largest-ever fighter acquisition.
South Korea bought 60 F-15s in 2002 and 2007, according to the report.
[...] contract is an estimated $7 billion purchase of 60 next-generation fighter jets, with Lockheed’s (NYSE: LMT) F-35 and Boeing’s [...]
[...] Report: Lockheed, Boeing Competing For $7B South Korea Fighter Jet [...]
[...] Report: Lockheed, Boeing Competing For $7B South Korea Fighter Jet [...]
[...] Mike Rein, spokesman for Lockheed, said South Korean officials are evaluating the company’s F-35 Joint Strike Fighter proposal for South Korea’s 8.3 trillion won ($7 billion-plus) competition for 60 new fighter planes. [...]