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Saturday, September 06, 2014

U.S. eyes deal with South Korea on F-16 upgrades by year-end: sources

ROCAF F-16 Flying FalconThe U.S. government hopes to hammer out an agreement with South Korea by the end of the year for the U.S. unit of Britain's BAE Systems Plc to carry out $1 billion-plus of upgrades to more than 130 F-16 fighter jets, sources familiar with the discussions said this week.

The U.S. Air Force has been leading talks with Seoul about the second phase of a contract won by BAE in 2012, when it beat out F-16 maker Lockheed Martin Corp (LMT.N) to upgrade 134 of South Korea's fighter jets for $1.3 billion.

BAE, the first non-original equipment maker to win such an F-16 upgrade order, is already developing the design for the upgrades under a $140 million contract that includes new radars, mission avionics, higher resolution screens and new weapons.

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