- South Korea intends to buy 40 Lockheed Martin (LMT) F-35 fighter planes after the government opted for more expensive aircraft but with greater stealth capabilities as it looks to defend the country against North Korea's nuclear threat.
- South Korea is due to sign the 8.3T won ($7.8B) deal in 2014 and take delivery of the planes in 2018. The country may also order another 20 jets.
- While the choice of the F-35 is not unexpected, it's a disappointment for Boeing (BA) and EADS (EADSF), which had hoped the government would split the deal and order planes from at least two manufacturers.
South Korea to acquire 40 F-35 combat jets
Nov 22 2013, 02:31 ET