S. Korea Scraps Boeing's Bid For $7.7B Fighter Jet Contract

Law360, New York (September 24, 2013, 5:24 PM EDT) -- In a major blow to The Boeing Co., the South Korean government said it rejected the aerospace company as the sole candidate for a $7.7 billion fighter jet supply contract and would restart the competitive bidding process, the South Korean press reported on Tuesday.

A panel of acquisition officials on South Korea's Defense Acquisition Program Executive Committee said that it would restart calls for bids for a so-called F-X fighter acquisition project to build 60 new war planes, yielding to criticism that it was considering price...
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