Boeing's P-8 Poseidon maritime patrol aircraft
SEOUL, June 25 (Yonhap) -- South Korea decided Monday to purchase U.S. defense company Boeing's P-8 Poseidon maritime patrol aircraft in a US$1.7 billion project, Seoul's military acquisition agency has said.
The Defense Acquisition Program Administration (DAPA) said that Seoul's defense project promotion committee convened to make the decision to purchase the aircraft through a government-to-government "foreign military sale" program.
"(We have decided) to purchase the latest maritime patrol aircraft for conducting patrol, search and rescue operations through the foreign military sale program from the U.S. government, in consideration of the cost, time schedule, capabilities as well as the legal aspect," the DAPA said in a press release.
Before the decision, a three-way competition had emerged, with Europe's Airbus Defense & Space and Sweden's Saab expressing their intentions to win the first major defense acquisition project since the Moon Jae-in government took office in May last year.
U.S. and European aircraft makers participate for South Korea’s $1.8 billion maritime patrol aircraft order
P-8 Poseidon: Details