S. Korea Temporarily Suspends Bidding for Next-Generation Fighter Jet Program

July 5, 2013 Source: Yonhap

SEOUL --- South Korea has temporarily suspended bidding for its next-generation fighter jet project, mainly due to none of the contenders meeting the preset budget limit, the state arms procurer said Friday.

South Korea is pushing to buy 60 fighter jets to replace its aging fleet of F-4 and F-5 jets starting from 2017. Vying for the project are Boeing's F-15 Silent Eagle; Lockheed Martin's F-35 stealth jet; and the Eurofighter Tranche 3 Typhoon from the European Aerospace Defense and Space Company (EADS).