South Korea picks Boeing P-8 for $1.7 billion maritime patrol aircraft contract
South Korea’s military has picked Boeing Co to supply the country’s maritime patrol aircraft in a contract worth around 1.9 trillion won ($1.71 billion), a senior company executive said on Monday. The South Korean procurement agency Defense Acquisition Program Administration (DAPA) said separately that it had decided to buy the P-8 Poseidon aircraft through the U.S. government foreign military sales program. Kang Hwan-seok, a DAPA spokesman, told a media briefing the decision was made after a comprehensive review of legal aspects, cost, schedule and performance.
Source:: https://finance.yahoo.com/news/south-korea-picks-boeing-p-8-1-7-092113533–finance.html
