At least one bid qualifies for SK fighter jet deal


Reuters

SEOUL — South Korea said on Friday that at least one bid came in under budget for its 8.3 trillion Korean won (US$7.42 billion) purchase of 60 next generation fighter jets, the country’s biggest-ever defense import program to replace its ageing fleet. A spokesman at the government’s Defense Acquisition Program Administration (DAPA) said at a briefing that a comprehensive evaluation would start and that a winner was expected to be chosen in mid-September.

DAPA resumed the bidding this week after suspending the process in July due to price gaps. Lockheed Martin Corp’s F-35, Boeing Co’s F-15 and EADS’s Eurofighter Typhoon are in the race.

Spokesman Baek Youn-hyeong declined to give the number or name of the companies that had submitted the required price.