31 Jul '13, 4am

South Korea Caps Fighter Aircraft Acquisition at $7.45 Billion ~via Defense Talk

Lockheed Martin’s F-35 faces the distinct possibility of being the first to be eliminated in the ongoing bidding for Korea’s next generation fighter program. The weakest point against the latest U.S. aircraft is that its price may go up significantly because it is still in development. The Defense Acquisition Program Administration (DAPA), the arm of the Ministry of National Defense, has told the three candidates to meet the required price of 8.3 trillion won ($7.45 billion) or face an early exit. The bidding is scheduled to resume on Aug. 12 through 16. Currently, F-35 is vying against Boeing’s F-15 Silent Eagle and the European Aeronautic Defense and Space Company (EADS)’s Eurofighter Tranche 3 Typhoon. “When any of three bidders meets the procurement price, DAPA will evaluate all three fighter jets,” DAPA Spokesman Baek Youn-hyeong said at a briefing. “But despite finis...

Full article: http://www.defencetalk.com/south-korea-caps-fighter-aircr...

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