HEADLINE NEWS
South Korea to Buy 120 F-16C/Ds, Reversing Plan to Order F/A-18s
WASHINGTON Reversing a 15-month-old decision, South Korea last week dropped its plan to buy 120 McDonnell Douglas F/A-18 strike fighters and said it will order the same number of General Dynamics F-16C/D Block 50 fighters instead. The decision, which will save South Korea more than $1 billion over the next decade, was “driven by budgetary constraints and other financial considerations,” James R. Mellor, president and chief operating officer of General Dynamics, told AVIATION WEEK & SPACE TECHNOLOGY.
By DAVID A. BROWN,FT. WORTH,DAVID F. BOND