BAE Systems wins South Korea jet upgrade deal
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LONDON (Reuters) - Britain's BAE Systems on Monday said its U.S. unit BAE Systems Inc had won a contract to upgrade South Korea's fleet of more than 130 F-16 fighter jets. BAE said the exact value of the project was still being negotiated but that it is expected to be worth in excess of $1 billion, the lion's share of which will go to Europe's largest defense contractor. 'This is a strategic international win for us, significantly expanding our aircraft upgrade and modification business,' said Dave Herr, president of BAE Systems Support Solutions. BAE Systems beat U.S. ...
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Yahoo: Politics: BAE Systems wins South Korea jet upgrade deal
Date Listed : Monday, August 06, 2012
Source : Politics, Yahoo! News: Politics News
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