Hello, Guest!
  • Thursday, April 18, 2024

Pentagon Details Possible Lockheed, Boeing South Korea Jet Sales

Defense Department photo
Defense Department photo

The Defense Department has outlined how potential sales of new fighter jets to South Korea would occur depending on which jet the country selects, Defense News reports.

Aaron Mehta reports Lockheed Martin (NYSE: LMT) is offering its F-35 Joint Strike Fighter,  Boeing (NYSE: BA) is proposing its F-15SE Silent Eagle and Eurofighter is submitting its Typhoon for consideration.

Mehta reports the South Korean government is expected to award a contract for the new jets later this year.

If the government selects Lockheed, South Korea would by 60 F-35s and related equipment via a foreign military sale worth up to $10.8 billion, according to the report.

Boeing would sell its Silent Eagle through a $2.4 billion direct commercial sale if South Korea picks that plane, Mehta reports.

Video of the Day

Related Articles

Lockheed Secures $440M Navy Contract Modification for F-35 Site Activation, Sustainment Services Contract Awards

Lockheed Secures $440M Navy Contract Modification for F-35 Site Activation, Sustainment Services

Lockheed Martin (NYSE: LMT) has secured a $439.9 million contract modification from the U.S. Navy to help military services activate sites and carry out initial aircraft sustainment activities for their F-35 aircraft fleet. The modification covers the provision of support equipment, pilot flight equipment, post-ejection survival training material and related services in support of initial

Report: Federal Government Awarded Record $765B in FY 2023 Contracts Contract Awards

Report: Federal Government Awarded Record $765B in FY 2023 Contracts

A HigherGov analysis of government contracting activity showed that federal contracts awarded in fiscal year 2023 reached a record high of $765 billion, reflecting a 9.5 percent growth from FY 2022. The Navy saw the largest jump in contract awards in 2023, recording $154 billion.

Lockheed Secures $1.15B Navy Contract Modification for F-35 Site Activation, Hardware Support Contract Awards

Lockheed Secures $1.15B Navy Contract Modification for F-35 Site Activation, Hardware Support

Lockheed Martin (NYSE: LMT) has received a potential five-year, $1.15 billion contract modification from the U.S. Navy to help military customers activate F-35 sites and meet hardware requirements. The modification also covers planning and readiness reviews, contract management and production engineering support services for training device production lines in support of initial aircraft sustainment efforts