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Tuesday, February 10, 2015

Bidding for fighter project fails

KFX-E designThe bidding for Korea’s 8.5 trillion won ($8.3 billion) homegrown fighter jet development program fell through after Korean Air failed to submit its proposal on Monday, leaving state-run Korea Aerospace Industries as the sole bidder for the so-called KF-X project.

But analysts said Korean Air apparently aimed to earn time to participate in the final competition with KAI.

The Defense Acquisition Program Administration, the state-run arms procurement agency, said according to the government’s procurement rules, it will reopen the bid due to lack of competition.

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