South Korea Taking Proposals for NextGen Fighter Jet, Lockheed’s F-35 Included

South Korea has selected Lockheed Martin Corp. (NYSE: LMT), Boeing (NYSE: BA) and EADS to submit proposals for the country’s next generation of fighter jets, MSNBC reported Monday.

The country is willing to spend nearly $7.4 billion over a nine-year period on stealth fighters. Prospective planes include Lockheed’s F-35 and EADS’ Eurofighter Typhoon, according to MSNBC.

Japan recently ordered 42 of Lockheed’s F-35 jets in an estimated $4 billion purchase.

South Korea’s administration program for defense acquisition will accept proposals through June 18.

Check Also


SAIC Awarded TSA Test & Evaluation Support BPA

Science Applications International Corp. (NYSE: SAIC) has been awarded a potential $40M blanket purchase agreement for operational test and evaluation services to the Transportation Security Administration, according to an award notice posted Thursday.

US Air Force

Air Force Selects Boeing, Lockheed, Raytheon Technologies for Hypersonic Cruise Missile Tech Design Program

The U.S. Air Force has indicated its intent to solicit design proposals from Boeing (NYSE: BA), Lockheed Martin (NYSE: LMT) and Raytheon Technologies (NYSE: RTX) for a hypersonic cruise missile technology that can be launched from a fighter or a bomber aircraft.