South Korea Goes Bargain Hunting On FX III Fighter Purchase
Unhappy with the bids received from the three main contenders for its FX fighter replacement program the South Korean government wants to hammer down the price much lower than the $7.31 billion.
Indications to this effect were available after Defense Acquisition Program Administration official confirmed that Seoul will decide within the next week whether to buy 60 next generation fighter jets after various delays and failed bids from Lockheed Martin, Boeing and EADS.
The defense minister on Wednesday to review the failed bidding process along with top officials and a range of options can be considered, include restarting the process from scratch, an official at the Defense Acquisition Program Administration (DAPA) said.
"If the auction falls apart, we will consider all possible options, possibly including splitting the purchase, and find the best solution," the official said.
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