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Wednesday, October 30, 2013

Defense exhibition opens sales talk for S. Korean fighter deal

Eurofighter TyphoonGlobal aerospace giants have moved beyond a wait-and-see approach to make sales pitches for South Korea's fighter jet program during an ongoing international aerospace fair here, carefully navigating the direction of the new acquisition under review by Seoul officials.

Lockheed Martin, Boeing and European aerospace group EADS kick-started a preliminary competition by showcasing their combat jets and simulators during the Seoul International Aerospace and Defense Exhibition (ADEX), which opened Tuesday to run through Sunday at the Korea International Exhibition Center, just north of Seoul.

The three companies, which vied for a 8.3 trillion won (US$7.2 billion) contract for 60 combat jets, are now waiting for the Defense Acquisition Program Administration (DAPA) to announce a new fighter jet program.

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