Subscribe free to our newsletters via your
. Space Industry and Business News .




AEROSPACE
S. Korea extends bidding for fighter jets
by Staff Writers
Seoul (AFP) July 25, 2013


South Korea said Thursday it would re-open bidding on a $7.4 billion fighter jet deal next month, citing high prices presented by three aviation giants vying for its largest defence contract to date.

The Defence Acquisition Programme Administration (DAPA) announced the decision in a meeting chaired by Defence Minister Kim Kwan-Jin, after initial bidding procedures were temporarily suspended.

The project to buy 60 advanced planes was launched to replace an aging fleet of F-4 and F-5 jets introduced decades ago.

It has been delayed for months because of South Korea's position that the price should not exceed the 8.3 trillion won ($7.4 billion) approved by parliament.

"We've decided to resume bidding" in mid-August under the same conditions as previously, DAPA spokesman Baek Yoon-Hyeong told reporters.

The project comes as the world's biggest defence groups seek to overcome drastic cutbacks in military spending in the US and Europe.

US companies Boeing and Lockheed Martin and the European aerospace consortium EADS were competing for the South Korean contract, with all prefacing their bids with various sweeteners to try and edge out their rivals.

The choice had been between Boeing's F-15 Silent Eagle, Lockheed Martin's F-35 Lightning II and the EADS Eurofighter Typhoon.

EADS has offered a $2.0 billion investment in a separate South Korean project to develop its own advanced fighter jets if the consortium is chosen.

Lockheed Martin has offered to support South Korea's effort to develop and launch military communications satellites, while Boeing promised to buy billions of dollars in parts from Korean companies.

South Korea's military procurement needs, especially where the air force is concerned, have overwhelmingly been met by US suppliers in the past -- a reflection of their close military alliance.

But EADS' hopes were raised in January, when the Anglo-Italian company AgustaWestland beat out US defence giant Sikorsky for a $567 million contract to supply six helicopters to the South Korean navy.

.


Related Links
Aerospace News at SpaceMart.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





AEROSPACE
Georgia On Its Mind: Lockheed Martin Delivers First HC-130J to Moody Air Force Base
Marietta GA (SPX) Jul 23, 2013
The first Lockheed Martin HC-130J Combat King II to be assigned to Air Combat Command's (ACC) 347th Rescue Group at Moody Air Force Base, Ga., was ferried from the company's Aeronautics facility located here. Maj. Gen. H. D. Polumbo, Jr., commander, Ninth Air Force, Air Combat Command, Shaw Air Force Base, S.C., flew the Super Hercules (Lockheed Martin aircraft serial number 5725) to Moody ... read more


AEROSPACE
US Lawmaker Seeks to Partner with Russia to Clean Up Space

Superfluid turbulence through the lens of black holes

Perfecting digital imaging

Ancient technology for metal coatings 2,000 years ago can't be matched even today

AEROSPACE
New Military Communications Satellite Built By Lockheed Martin Launches

US Navy Poised to Launch Lockheed Martin-Built Secure Communications Satellite for Mobile Users

Northrop Grumman Moves New B-2 Satellite Communications Concept to the High Ground

Canada links up on secure U.S. military telecoms network

AEROSPACE
The second satellite arrives for Arianespace's upcoming heavy-lift Ariane 5 launch

Arianespace's heavy-lift Ariane 5 mission orbits key satellite payloads for Europe and India

Three Soyuz launchers are at the Spaceport for Arianespace's upcoming medium-lift missions from French Guiana

Flawless launch of Alphasat, Europe's largest and most sophisticated telecom satellite

AEROSPACE
Orbcomm Globaltrak Completes Shipment Of Fuel Monitoring Solution In Afghanistan

Lockheed Martin GPS III Satellite Prototype To Help Cape Canaveral Air Force Station Prep For Launch

Lockheed Martin Delivers Antenna Assemblies For Integration On First GPS III Satellite

GPS III satellite antenna assemblies ready for installation

AEROSPACE
S. Korea extends bidding for fighter jets

France confident about delayed Rafale sale to India

US suspends delivery of F-16s to Egypt: Pentagon

Choosing a wave could accelerate airplane maintenance

AEROSPACE
Broadband photodetector for polarized light

Intel profits slide as chipmaker repositions

NIST shows how to make a compact frequency comb in minutes

New analytical methodology can guide electrode optimization

AEROSPACE
NASA's Van Allen Probes Discover Particle Accelerator in the Heart of Earth's Radiation Belts

Seeing Photosynthesis from Space: NASA Scientists Use Satellites to Measure Plant Health

First high-resolution national carbon map - Panama

NASA Releases Images of Earth Taken by Distant Spacecraft

AEROSPACE
Thai firm understating oil slick fallout: Greenpeace

Oil spill hits Thai tourist island

China to tackle air pollution with new plan

Study: Brains of arctic polar bears show signs of environmental toxins




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement