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Saturday, June 01, 2013

Bidding to start on South Korean aircraft procurement deal

F-15SE (Silent Eagle)The South Korean government says bidding on a $7.5 billion contract for next-generation fighters is about to start.

An official with the Defense Acquisition and Procurement Agency said the bidding process was moved forward one week amid "speculation" that opening the bidding process later in the month could result in prices beyond the country's budget for the purchase, The Korea Herald reported.

"We plan to let bidders tender offers about a week earlier," a DAPA official said.

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