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more on South Korea's F-35 purchase from earlier this year:
Agence-France-Presse via the Business Times (Singapore)
Agence-France-Presse via the Business Times (Singapore)
S. Korea to pay $7B for 40 F-35A fighter jets
By: Agence France-Presse
September 24, 2014 6:52 PM
SEOUL - South Korea is to pay 7.3 trillion won ($7 billion) for 40 F-35A fighter jets under the terms of a deal with Lockheed Martin announced Wednesday by the state arms procurer.
Seoul has been in talks with the US defence firm on terms of the deal since March after Seoul picked the F-35A as its next-generation fighter jet.
"We held negotiations from March to September on technology, price and trade-off conditions", a spokesman of the Defense Acquisition Program Administration said.
"The purchase price per unit is around 120 billion won," he was quoted as saying by Yonhap news agency.
South Korea wants to start deploying the new combat planes from 2018, he said.
As part of the deal, Lockheed Martin will transfer technologies in 17 sectors including flight control and fire-extinguishing functions, Yonhap said, quoting unnamed DAPA sources.
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