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Tuesday, July 31, 2012

BAE wins $1.05bn defence deal

KF-16South Korea has selected British defence firm BAE Systems for a 1.3 trillion won ($A1.05 billion) project to upgrade its ageing KF-16 fighter jets.

BAE Systems' US branch beat rival Lockheed Martin to win the deal, the Defence Acquisition and Procurement Agency said on Tuesday, adding a contract would be signed later this year.

BAE Systems will upgrade the mission computers and operating systems of 134 KF-16 fighters by 2021. The agency plans to select a separate firm to upgrade the warplanes' radars.

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