#AceFinanceNews – SEOUL – March 31 – South Korea on Monday kicked off the process to buy four in-flight refuelling tanker aircraft, Reuters said.
The deal is seen to be worth around $1.31 billion, with plane-makers Boeing and Airbus expected to compete, according to sources.
The purchase will be part of Seoul’s attempts to bolster its air defence in the face of rising tension over the maritime interests of Japan and China, as well as against North Korea.
#AceFinanceNews – SOUTH KOREA – 24 March – South Korea expects to pay around 7.34 trillion won (US$6.79 billion) for 40 Lockheed Martin F-35 fighter jets, Reuters said, citing its sources.
The budget to buy the radar-evading F-35s plus support systems was reportedly announced to a committee overseeing military purchases on Monday.
As Seoul boosts its air defences amid simmering tensions in the region, it also confirmed plans to buy four Northrop Grumman Global Hawk unmanned aircraft to monitor neighbouring North Korea.
The deals come as ties between Japan, China and South Korea have chilled over the past year.