S. Korea pushes to complete fighter jet procurement by end of 2014

South Korea's arms procurement agency said Thursday it will speed up the process to buy advanced fighter jets, with the aim of concluding the deal by the end of 2014. The Defense Acquisition Program Administration (DAPA) conducted bids with three contractors to buy 60 combat aircraft between June and August, and listed Boeing's F-15 Silent Eagle as the only jet to come within the 8.3 trillion won (US$7.2 billion) budget for approval.

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