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South Korea Rejects Boeing’s F-15 Bid; To Hold New Competition

The South Korean government has rejected Boeing's[BA] bid to supply 60 F-15E Silent Eagles, dealing a massive blow to the defense giant and opening the door to Lockheed Martin’s [LMT] F-35 Joint Strike Fighter as it now plans to hold another competition to select its next fleet of fighter jets. The South Korean government’s Defense Acquisition Program Administration, or DAPA, voted down the Boeing proposal Tuesday, Reuters reported. The F-15s were the only bid that had beenunder consideration for the…

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Contract Updates

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