Boeing Final Bidder for South Korean Early Warning Aircraft

Posted on: Aug. 3rd, 2006 || Source: times.hankooki.com | E-mail Article | Print Article

U.S. aircraft maker Boeing has been selected as a sole candidate for the country's $2-billion surveillance aircraft deal, beating Elta of Israel in the one-year-long competition.

The decision was made during a meeting of the Defense Acquisition Program Administration (DAPA)’s supreme decision-making committee, chaired by Defense Minister Yoon Kwang-ung, at the ministry in Seoul.

Elta, a subsidiary of Israel Aircraft Industries, was dropped off as it failed to guarantee obtaining required export licenses from the U.S. government regarding key items to be installed on its product for the sealing of the contract, a DAPA spokesman said.

The final selection will be announced as early as next month after price negotiations, he said. Boeing is reportedly asking for $1.7 billion for four B-737 airborne early warning and control (AEW&C) planes. South Korea’s offer has been unknown.

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