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Tuesday, June 18, 2013

S. Korea kicks off bidding for US$7.3 bln fighter jet deal

F-15SESouth Korea started the bidding process Tuesday to pick a contractor to provide 60 advanced fighter jets for 8.3 trillion won (US$7.3 billion), the Defense Acquisition Program and Administration (DAPA) said.

Seoul faces a tough decision in selecting either the Lockheed Martin's F-35 Lightning II stealth jet, Boeing's F-15 Silent Eagle or the European Aerospace Defense and Space Company (EADS)'s Eurofighter Tranche 3 Typhoon, to replace the Air Force's aging fleet of F-4 and F-5 jets.

The bidding is expected to last 11 days, and once completed DAPA will assess the three jets before making a final decision in a meeting slated for early next month, officials said.

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