Boeing Spurned as South Korea Plans New Tender for Jet Fighters

South Korea said it would hold a new tender for 60 fighter jets after rejecting Boeing Co.’s bid for the 8.3 trillion-won ($7.7 billion) contract over concerns the F-15SE wasn’t advanced enough to counter North Korea’s nuclear threat.

“South Korea needs measures for retaliation against North Korean provocation,” Defense Ministry spokesman Kim Min Seok said in Seoul today after the decision. “South Korea needs to secure military capability in line with recent aviation technology developments.”