S. Korea mulls hike in fighter jet budget

The government is considering increasing the 8.3 trillion won (US$7.2 billion) budget to finance a fighter jet project aimed at buying 60 stealth jets, an official source said Thursday. The state arms procurement agency last month rejected Boeing's F-15 Silent Eagle, the only bid that met Seoul's budget, with concerns over its weak stealth capability, and formed a task force team to restart a new project to get advanced, radar-evading aircraft.

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