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South Korea Cancels KF-16 Upgrade Contract With BAE Systems

Friday, November 7th, 2014

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South Korea on Nov. 5 canceled its KF-16 upgrade contract with BAE Systems for initial development and long-lead production, according to the Defense Security Cooperation Agency (DSCA). The contract was the first of a two-phase Foreign Military Sales (FMS) procurement for the upgrade of 134 KF-16s. The Defense Department in May awarded BAE a $140 million firm-fixed-price contract with the first upgraded KF-16 scheduled for delivery in 2019. BAE previously said its competitive selection for KF-16 was the first time…

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