S. Korea to announce winner of fighter jet project next week

South Korea will select the winner of its fighter jet project next week, with Boeing's F-15 Silent Eagle deemed a favorite as it is the only candidate to meet the 8.3 trillion won (US$7.2 billion) budget, the state procurement agency said Tuesday. The Defense Acquisition Program Administration (DAPA) has completed biddings and evaluations on three jets - Boeing's F-15 SE, Lockheed Martin's F-35 and the EADS' Eurofighter - and briefed President Park Geun-hye on the results last week.

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