S. Korea to re-examine fighter jet project

South Korea will stop the current bidding for fighter jets and revise the project as high price tags have made the chance of selecting a satisfactory contractor slim, a senior official said Thursday. The move comes after the Defense Acquisition Program Administration (DAPA) carried out 55 separate biddings with three defense groups to buy 60 advanced jets with an 8.3 trillion won (US$7.2 billion) budget, but the procedure was put on hold last week due to their expensive price tags.

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