Boeing misses out on $9.7b S. Korea jet deal, bidding to restart
SEOUL (REUTERS) - South Korea voted against Boeing's F-15 Silent Eagle in its 8.3 trillion won (S$9.7 billion) tender for 60 fighter jets, the country's arms procurement agency said on Tuesday, saying it would restart the bidding process.
The decision on the country's biggest arms purchase programme was a blow for Boeing, which had submitted the only bid out of three that was under-budget and hence eligible to win under South Korean law.
It competed against Lockheed Martin's F-35A and the Eurofighter consortium's Typhoon.
"DAPA...will swiftly pursue the programme again in order to minimise the vacuum in combat capabilities," South Korea's Defense Acquistion Program Administration (DAPA) said in a statement.