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South Korea finalises F-35 deal

written by australianaviation.com.au | September 25, 2014
South Korea is finailsing a deal for 40 F-35As. (JSF PO)
South Korea is finailsing a deal for 40 F-35As. (JSF PO)

The South Korea government has reached agreement with the US government over a US$7 billion deal to acquire 40 F-35A Lightning IIs for the Republic of Korea Air Force.

A Letter of Offer and Acceptance between the US and Korean governments is set to be signed covering 40 aircraft, with initial deliveries beginning in 2018, Lockheed Martin said in a September 24 statement.

“We’ve finalised the deal to purchase 40 F-35As following six months of negotiations on price and offset conditions, including tech transfer,” Defense News reported DAPA spokesman Baek Yoon-hyung as saying.

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Initial deliveries are planned for 2018.

 

South Korea, which announced its selection in March, is the third Foreign Military Sales (FMS) program customer for the F-35 in addition to Israel and Japan.

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