Share this article

South Korea has decided to delay its F-X fighter jet acquisition by a year due to budget constraints.

The third-phase acquisition of 40 to 60 F-X advanced stealth aircraft was originally scheduled to start in 2011, with a final contract in 2012, according to the Korea Times.

The first two stages obtained 60 F-15K aircraft, which were built by Boeing.

The delay will lead to the signing of a contract in 2013 and delivery of aircraft will start after 2016.

The move has disappointed the air force since it had previously planned to replace its 250 McDonnell Douglas F-4Es and Northrop F-5 E/F with the new F-X fighter jet.

The country had planned to indigenously develop 200 KF-X fighters, similar to the US F-16, in cooperation with foreign partners.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData