Arab Today, arab today bids submitted for south korea fighter jet deal
Last Updated : GMT 09:22:45
Arab Today, arab today
Arab Today, arab today

Bids submitted for South Korea fighter jet deal

Arab Today, arab today

Arab Today, arab today Bids submitted for South Korea fighter jet deal

Fighter jets taking off during an airshow at a military air base in Cheongju
Seoul - AFP

South Korea said it had received two bids on Tuesday for a multi-billion dollar fighter jet contract, with foreign makers Airbus and Lockheed Martin each partnering with a Korean firm to submit rival offers.
The defence ministry said the two bids had been submitted to the state arms procurement agency and the winner of the 8.6 trillion won (US $7.8 billion) contract would be announced in July.
The competition pits the country's top civilian carrier Korean Air (KAL) and European aerospace giant Airbus, against a rival bid from Korean Aerospace Industries (KAI) in partnership with US firm Lockheed Martin.
The KF-X fighter project is designed to develop and produce 120 fighter jets of a new "indigenous" type to replace South Korea's ageing fleet of F-4s and F-5s.
The South Korean government would provide 60 percent of the jets' development costs, with the rest to be shared by Indonesia, as a result of a bilateral defence treaty, and the winning consortium.
Some experts see the KAI-Lockheed alliance as having the upper hand, as the same partnership developed the T-50 trainer, which is South Korea's first homegrown supersonic aircraft.
Lockheed, which won a contract in 2013 to sell 40 F-35A joint strike fighters to South Korea, has promised to transfer key technologies for the KF-X project to Seoul.
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.
KAL, however, said it would strengthen its bid with technical support from Airbus, which is part of the European consortium that developed the Eurofighter.
Korean Air currently operates aircraft maintenance workshops for both the South Korean and US air forces.
In a statement Tuesday, KAL described Airbus as "the most suitable partner" for the project, saying the European company had a strong commitment to transferring core technology to South Korea.
"Through cooperation with Airbus, we will develop an indigenous model, which is superior to the Eurofighter," it said.
Airbus has made a number of bids for the South's military contracts, including a $1.38 billion deal to provide air refuelling tankers.
Assessment of the two KF-X bids will be based on technological capabilities and price.
The defence ministry's request for the project requires a new design, although experts say either bidder might opt for a heavily modified version of an existing fighter model.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bids submitted for south korea fighter jet deal Arab Today, arab today bids submitted for south korea fighter jet deal

 



Arab Today, arab today
Arab Today, arab today Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday