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Monday, November 24, 2014

Competition heats up for tanker procurement deal

A330 MRTTCompetition for Seoul’s project to procure four aerial tankers is heating up as contenders highlight the ways they can help enhance South Korea’s air defense with several months to go until the announcement of the winner.

Currently three competitors ― Boeing’s KC-46, Airbus’ A330 MRTT and Israel Aerospace Industries’ B767 MMTT ― have been vying to clinch the deal worth 1.4 trillion won ($1.25 billion) since Seoul gave public notice of its plan in March to introduce four tankers between 2017 and 2019.

Seoul initially planned to announce the winner next month. But its decision is expected to be delayed to early next year as negotiations are likely to be prolonged due to the bidders’ failure to meet the requirements Seoul proposed as part of the offset agreements.

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