S. Korea Wants Lockheed To Invest in Fighter Plan

South Korea will ask Lockheed Martin to invest in the country’s KF-X fighter jet development project as part of offset deals over its selection of the F-35 joint strike fighter. The Defense Acquisition Program Administration made a final decision March 24 to buy 40 F-35As through the US Foreign Military Sales program. A final contract on the deal will be signed by September, according to the arms agency, with the first delivery in 2018. The deal is expected to be worth around $6.8 billion.

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