11.07.2014 Pacific Sentinel
South Korea is accelerating its efforts to develop an indigenous warplane with a plan to give public notice of bids for the so-called KFX project as early as August.
The military plans to confirm its required operational capabilities for the project at the Joint Chiefs of Staff Council session in mid-July, and finalize the bidding plan during a session of the national defense acquisition program committee next month.
The KFX program, which includes both the development and production of the home-built warplane, is expected to cost nearly 20 trillion won ($19.7 billion). Under the project, Seoul seeks to deploy 120 fighters after 2023 to replace its aging fleets of F-4s and F-5s.
Since February, a Defense Ministry task force consisting of officials from the Joint Chiefs of Staff, Defense Program Acquisition Administration and Air Force has been conducting research for the development project.
Read the full story at The Korea Herald