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.

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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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