U.S. approves foreign military sale for S. Korea's KF-16 upgrade project for $2.5 bln
Jul 16, 2015
The United States approved a possible foreign military sale to South Korea for a project to upgrade the country's aging fleet of KF-16 fighter jets for an estimated cost of $2.5 billion (2.86 trillion won), a U.S. defense agency said Wednesday.The cost estimate is about 1 trillion won higher than the 1.75 trillion won contract that South Korea had originally awarded to the U.S. unit of the British defense firm BAE Systems to upgrade 134 KF-16 fighters with better electronic warfare capabilities.