South Korea's $6.7B indigenous fighter jet program at risk, says report

South Korea's indigenous fighter jet program is not ready for takeoff, because a dispute over the sharing of core U.S. technology is posing problems for the $6.7-billion project.

Seoul's presidential Blue House said on Friday local time it is investigating recent reports of technology transfer issues between South Korea's Defense Acquisition Program Administration and U.S. contractor Lockheed Martin, News 1 reported.

The Korean Fighter Experimental project is South Korea's plan to replace 120 older planes with new aircraft developed through one of the country's biggest defense projects.

Read more