South Korea suspends $1.6 bn deal to upgrade fighter jets
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South Korea has suspended a $1.61 billion deal to upgrade its fleet of F-16 fighter jets because of delayed work and cost over-runs, a government agency said Thursday. The US unit of London-based BAE Systems had been chosen over US aerospace giant Lockheed Martin for the 1.75 trillion won project to upgrade the South Korean […]https://www.defencetalk.com/south-korea-suspends-1-6-bn-deal-to-upgrade-fighter-jets-60969/
South Korea has suspended a $1.61 billion deal to upgrade its fleet of F-16 fighter jets because of delayed work and cost over-runs, a government agency said Thursday. The US unit of London-based BAE Systems had been chosen over US aerospace giant Lockheed Martin for the 1.75 trillion won project to upgrade the South Korean […]https://www.defencetalk.com/south-korea-suspends-1-6-bn-deal-to-upgrade-fighter-jets-60969/