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In reply to the discussion: STOCK MARKET WATCH -- Monday, 19 August 2013 [View all]
xchrom
(108,903 posts)9. Boeing undercuts rivals in South Korea fighter contest - sources
http://uk.reuters.com/article/2013/08/19/uk-usa-southkorea-idUKBRE97I0E820130819
(Reuters) - Boeing's (BA.N) bid in the 8.3 trillion won ($7.4 billion) tender to supply South Korea with 60 fighter aircraft was the only one below the price ceiling set by the country's arms procurement agency, sources close to the process said on Monday.
A final decision is not expected until mid-September, the sources said, but the price submitted by the U.S. company appears to be a significant step towards winning the contract.
Boeing is pitching the latest variant of its F-15 fighter, dubbed the F-15 Silent Eagle, against the Eurofighter consortium's Typhoon and Lockheed Martin's (LMT.N) F-35 stealth jet.
South Korea's Defence Acquisition Program Administration (DAPA), which led the assessment of the fighters, said on Friday that at least one bid, which it did not identify, came within its overall budget.
(Reuters) - Boeing's (BA.N) bid in the 8.3 trillion won ($7.4 billion) tender to supply South Korea with 60 fighter aircraft was the only one below the price ceiling set by the country's arms procurement agency, sources close to the process said on Monday.
A final decision is not expected until mid-September, the sources said, but the price submitted by the U.S. company appears to be a significant step towards winning the contract.
Boeing is pitching the latest variant of its F-15 fighter, dubbed the F-15 Silent Eagle, against the Eurofighter consortium's Typhoon and Lockheed Martin's (LMT.N) F-35 stealth jet.
South Korea's Defence Acquisition Program Administration (DAPA), which led the assessment of the fighters, said on Friday that at least one bid, which it did not identify, came within its overall budget.
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