South Korea Military to Decide on $7.8 Billion Fighter Jet Order
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South Korean military leaders are set to announce their priorities for new fighter jets today, signaling whether Lockheed Martin Corp. will win a multi-billion-dollar arms deal.
The Joint Chiefs of Staff will decide on the amount and capabilities of fighter jets needed, Defense Ministry spokesman Kim Min Seok said yesterday. Kim declined to say whether Lockheed’s F-35, which features advanced radar-evading technology, is favored after the ministry rejected Boeing Co.’s F-15 Silent Eagle in the 8.3 trillion won ($7.8 billion) tender in September.