Reuters: Most Read Articles: South Korea reopens bidding for 8.3 trillion won fighter jet competition

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South Korea reopens bidding for 8.3 trillion won fighter jet competition Jul 25th 2013, 07:08 SEOUL, July 25 | Thu Jul 25, 2013 3:08am EDT SEOUL, July 25 (Reuters) - South Korea said on Thursday it will reopen competition for its 8.3 trillion won ($7.43 billion) purchase of 60 next generation fighter jets which had been suspended due to the high prices of bids received. "We have decided at the defence project committee meeting to resume bidding for the F-X project," a spokesman for the Defense Acquisition Program Administration (DAPA) told a briefing. DAPA suspended bidding after none of the entries, Lockheed Martin Corp's F-35, Boeing Co's F-15 and EADS's Eurofighter Typhoon, submitted bids meeting the required price.

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