S. Korea to pay $7 bn for 40 F-35A fighter jets [View all]

[IDemo]

Source: Yahoo

South Korea is to pay 7.3 trillion won ($7 billion) for 40 F-35A fighter jets under the terms of a deal with Lockheed Martin announced Wednesday by the state arms procurer.

Seoul has been in talks with the US defence firm on terms of the deal since March after Seoul picked the F-35A as its next-generation fighter jet.

"We held negotiations from March to September on technology, price and trade-off conditions", a spokesman of the Defense Acquisition Program Administration said.

"The purchase price per unit is around 120 billion won," he was quoted as saying by Yonhap news agency.

Read more: http://news.yahoo.com/korea-pay-7-bn-40-f-35a-fighter-105713341.html