Off the wire
• 1st LD-Writethru: Chinese shares close higher Thursday  • Central bank drains 10 bln yuan from market  • Foreign exchange rates in India  • Health partnership advocates universal health coverage at G7 summit  • Scandals befall Brazil's two-week-old interim gov't  • China treasury bond futures close lower Thursday  • China Hushen 300 index futures close higher Thursday  • Urgent: Pakistan confirms killing of Mullah Mansoor in U.S. drone strike  • New Zealand minister says defense, security funding to help raise capabilities  • Burundi seizes smuggled items on border with DRC  
You are here: 　 Home

S. Korea picks GE as preferred bidder for engine of homegrown fighter jet project

Xinhua, May 26, 2016 Adjust font size:

South Korea's arms procurement agency said Thursday that it has picked the U.S.-based General Electric (GE) as a preferred bidder to provide engines for the multi-billion-dollar homegrown fighter jet project.

GE Aviation was selected to supply its F414-GE-400 engines for the country's Korean Fighter Experimental (KF-X) next-generation fighter jet project, according to the Defense Acquisition Program Administration (DAPA).

The GE engines were provided for the U.S. Boeing's Super Hornet, the Swedish Saab's Gripen and India's Tejas fighter jets.

The KF-X project, estimated to cost about 18 trillion won (15 billion U.S. dollars), is aimed at developing 120 homegrown two-engine combat jets to replace its aging fleet of F-4s and F-5s.

The DAPA plans to sign a contract with GE within the next month after negotiations with the U.S.-based company. Endit