South Korea will ink a deal this month to purchase 40 Lockheed Martin F-35 fighter jets for about 7.34 trillion won ($7.06 billion) with incremental delivery slated for 2018-2021.
This makes South Korea the 10th country to choose the F-35 as the nation looks to replace its aging fighters and to compliment its F-15K Slam Eagle warplanes.
“We have agreed to acquire 40 jets within the total budget and reflect all the terms negotiated during the 2013 competition,” South Korea’s Defense Acquisition Program Administration said in a statement on Wednesday.
Lockheed said deliveries of the South Korean F-35s will begin in 2018, when the first South Korean pilots will start training at Luke Air Force Base in Arizona.
South Korea had originally planned to spend as much as 8.3 trillion won to buy 60 jets, but reduced the order to 40 jets last year after dropping an option to buy more F-15s in favor of the F-35 with its stealth capabilities.
The Latest Haps
The Busan International Ocean Marathon takes place on Sunday, October 2. Some streets on the marathon route will be closed.
The country’s top court has sentenced a South Korean man to 12 years in prison for attempting to murder the U.S. ambassador to South Korea Mark Lippert.
The Kim Young-ran anti-graft law is taking in effect starting today. The law aims to prevent government employees and various officials from receiving bribes.
Busan Subway Lines 1, 2 and 3 have begun emergency services today due to a general strike of the Busan Metro Labor Union.
Busan will light up with K-Pop stars, food and culture for the month of October.
The tentative lineup for guests visiting the 21st Busan International Film Festival for the opening day on October 6th is near completion.
With the nation’s biggest shopping and cultural event “Korea Sale’s FESTA” beginning today, Busan’s distribution industries have begun participating in an all-out competition.
The Busan One Asia Festival is offering free admissions to Taste Busan and the Korean Wave Star & Beauty Collection for foreign guests at BEXCO.
BeFM’s “On the Road Busan” team invites you for a final FREE trip around the beautiful Busan Bay at the Wave Yacht Lounge Closing Party on Saturday, October 8th.
The Busan International Food Expo 2016 will be held in BEXCO from October 6th to the 9th.
The “2016 Jinju Namgang Lantern Festival” will begin on October 1st and end on the 16th at Jinju Namgang Ilwon.
A new survey by MasterCard shows that Seoul is once again the 10th most popular city for travel in the world.
Join forces for good and come participate in the 2016 Superhero Comic Dash! Presented by The H.U.G.S (Helping Us Grow to be Superheroes) Association.
Runners from around the world will gather at the 2016 Busan International Ocean Marathon on Oct. 2.