South Korea shoots down Boeing's F-15 bid

|About: The Boeing Company (BA)|By:, SA News Editor

South Korea rejects Boeing's (BA) bid for a $7.7B tender to supply the country with new fighter jets.

BA's F-15 Silent Eagle offer was the only under-budget bid.

Earlier this month, 15 former South Korean air force chiefs signed a petition opposing the F-15s due to concerns over the planes' capabilities.

Essentially, South Korea wants Lockheed Martin's (LMT) F-35s but doesn't want to pay for them. The bidding process will now restart.