South Korea to acquire 40 F-35 combat jets

|By:, SA News Editor

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.