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China-Japan-Koreas
Lockheed dispels doubts over F-35 in S. Korea's fighter jet project
2010-12-15
SEOUL, Dec. 14 (Yonhap) -- Lockheed Martin Corp. can deliver F-35 fighter jets as early as 2016 if it wins South Korea's multi-billion dollar contract for a fighter modernization program, a senior company executive said Tuesday, dismissing doubts over a delay in the new warplane's flight-test schedule.
I'm sure that's what Lockheed would say. Might even be correct.
South Korean officials say the cost rise for an individual F-35 aircraft, stemming from the delay, is a potential obstacle for Lockheed in an upcoming tender by Seoul for 60 fighter jets, valued at 9.7 trillion won (US$8.5 billion).

Seoul is expected to invite bidders as early as next year for the third stage of the fighter modernization program to replace aging F-4E and F-5E/F jets that have been involved in several deadly crashes in recent years. The delivery of new aircraft is scheduled to start in 2016.

The delay in the flight-test schedule, however, would force South Korea to buy F-35s after 2018 if it selects Lockheed, South Korean officials said. Lockheed, Boeing Co. and a consortium of European firms led by EADS have expressed interest in the tender.
Posted by:Steve White

#2  Would you actually fly such a gold plated beast?
Or is the idea to bankrupt the Military?
Posted by: Redneck Jim   2010-12-15 12:50  

#1  If one thinks about fighter jets as 'commodities' it makes sense the price in dollars would rise, just due to the devaluation of the dollar.
Posted by: Glenmore   2010-12-15 08:21  

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