South Korea is planning to restart a $7.7 billion jet fighter bidding process, holding off a contract likely to be awarded to Boeing Company.
“We believe that the whole review process will take about a year,” Defense Ministry spokesperson was quoted as saying by AFP. “We will expedite the process to make sure that the void in our national defence will be limited to a minimum.”
The jet deal had already been delayed for months because of South Korea’s position that the price of the 60 fighters it wanted should not exceed the $7.7 billion approved by parliament.
The deal for replacing the South Korean Air Force's ageing fleet of F-4s and F-5s had initially attracted bids from Boeing, U.S. rival Lockheed Martin and EADS.
But in the end, Boeing’s F-15 Silent Eagle was left with the only eligible candidate because the proposals from the other two competitors came in over the stated budget.
In announcing its decision on Tuesday, the Defence Acquisition Programme Administration (DAPA) suggested the Boeing F-15 was seen as unable to meet the military’s operational requirements, the report said.
“The committee made the decision through in-depth discussions on the security situation and the combat environment based on assessments of the jets’ mission capabilities and prices,” a DAPA spokesperson was quoted as saying in a report.
Said to be the last big international order for the Boeing F-15, the South Korean FX deal is tantalizingly within reach of this venerable fighter. After the presumed disqualification of the Eurofighter Typhoon on technical grounds, the F-15 SE is the last aircraft standing and Seoul is expected to commence final negotiations with Boeing next month, despite protests from EADS
South Koreas Defense Acquisition Program Administration (DAPA) has informed the three contenders (Boeing, Lockheed Martin and EADS) vying for the F-X contract that they are to meet the required price of $7.45 billion or bow out
South Koreas defense procurement agency the Defense Acquisition Program Administration (DAPA) today announced that it will continue to accept bids from Boeing, Eurofighter and Lockheed Martin in August. The three finalists are currently competing to supply 60 fighter jets worth $7
Unhappy with the bids received from the three main contenders for its FX fighter replacement program the South Korean government wants to hammer down the price much lower than the $7.31 billion
South Koreas Defense Acquisition Program Administration (DAPA) has once again extended final bidding on the F-X phase III fighter competition for at least one more week. The Lockheed Martin F-35 Lightning II, Boeings F-15 Silent Eagle EADS Eurofighter Tranche 3 Typhoon are currently in competition against each other hoping to secure the $7
South Koreas $7.3 billion bidding contest to buy 60 new combat jets will end on June 28 after 10 days of maneuvering among three competitors
Korean lawmakers are urging the government to renegotiate the purchase of 40 Lockheed Martin F-35A stealth fighters by including technology transfer and local assembly in US$7.2 billion deal
South Korea will purchase 40 Lockheed Martin's F-35A stealth fighters from 2018, with an option to buy 20 more later, the Joint Chiefs of Staff (JCS) was quoted as saying by Yonhap News. JCS Chairman Choi Yun-hee held a meeting of top commanders to approve the plan to buy the 40 F-35 Block 3s, which are capable of conducting air-to-air and air-to-ground missions with internal carriage and external stations for missiles and bombs
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