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Raytheon: South Korea To Wrap Up F-16 Radar Decision Within A Couple Of Months

Friday, June 15th, 2012

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Raytheon [RTN] executives said recently they believe South Korea will finish evaluating proposals from Raytheon and Northrop Grumman [NOC] for upgrading its F-16 fleet with modern electronic radars within the next couple of months. “We’re negotiating the basic framework of cost schedule and capability, that should be coming to a close here within the next month or so,” Jim Hvizd, Raytheon vice president, international strategy and business development, space and airborne systems, said during an interview recently. “Then (South) Korea…

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