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| Lockheed Martin F-35 Lightning II (File Photo) |
SEOUL, Sept. 26 (UPI) -- Lockheed Martin said it will continue with its bid to land a major South Korean jet fighter contract when the deal is re-tendered.
The deal, in which Seoul required a contractor to deliver 60 jets over five years beginning in 2017, was a race between the Boeing's F-15 Silent Eagle, Lockheed Martin's F-35 Lightning II Joint Strike Fighter and EADS' Eurofighter Typhoon.
Lockheed, ahead of EADS, was thought to have been nudged out of the deal by Boeing's Silent Eagle.
But South Korea's military defense procurement agency, the Defense Acquisition Program Administration, announced Tuesday it wasn't completely satisfied with Boeing's offer.
Boeing came close to grabbing the contract with the cheapest offer, but DAPA said it will review its budget for the jet fighter deal and re-tender later this year.
Read the full story at UPI