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Orlando Carvalho: South Korea, US Could Ink Finalized F-35 Agreement This Year

F35South Korea has decided to acquire Lockheed Martin-built (NYSE: LMT) F-35 fighter jets through a foreign military sales process with the U.S.

The South Korean government evaluated and selected the F-35 Lightning II aircraft under that country’s F-X fighter acquisition program, Lockheed said Monday.

Orlando Carvalho, Lockheed executive vice president of aeronautics, said the company expects South Korea and the U.S. to finalize the agreement later this year.

Lockheed is contracted to build F-35 variants for three U.S. three military branches and for at least 10 other countries.

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