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| Lockheed Martin F-35 Lightning II (File Photo) |
SEOUL, Aug. 2 (UPI) -- South Korea will resume its procurement process this month for a jet fighter contract expected to be worth more than $7.2 billion, Yonhap news agency reported.
South Korea's Defense Acquisition Procurement Agency suspended bidding for the 60 aircraft in mid July over concerns that manufacturers' bids were higher than the budgeted $7.2 billion.
DAPA announced the decision to restart bidding in mid August in a meeting presided over by Defense Minister Kim Kwan-jin, Yonhap reported.
Boeing's F-15 Silent Eagle, Lockheed Martin's F-35 stealth fighter and the Eurofighter Tranche 3 Typhoon from EADS -- European Aerospace Defense and Space Co. -- are the shortlisted aircraft.
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