S. Korea signs contract to purchase F-35A jets from Lockheed - Breaking The News
Download our appPlay StoreApp Store

S. Korea signs contract to purchase F-35A jets from Lockheed

EPA-EFE/BO AMSTRUP DENMARK OUT

South Korea's Defense Acquisition Program Administration (DAPA) announced that it signed a contract with Lockheed Martin Corp. on December 8, to purchase 20 additional F-35A stealth fighter jets from the United States aerospace company.

The signing came after Washington approved the sale in September and it will bring Seoul's current number of F-35A jets from 39 to 59. The fighters will be delivered in 2027 and will possess enhanced "arms operational capabilities," as well as amplified security features when compared to the currently owned fighters. Among the attributes the F-35A possesses, South Korea is especially leaning on its high-performance radar and aptitude for stealth.

The move is reflective of Seoul's efforts to enhance its response capabilities against any North Korean threat, DAPA stated.

Related Stocks
Lockheed Martin
Related News
Lockheed, Rheinmetall partner to make missiles in Europe
Rheinmetall AG and Lockheed Martin Corporation announced on Wednesday that they will expand their current partnership by extending the scope cooperation.The two companies said they will build on their 2024 Memorandum of Understanding (MoU) in an effort to "enhance the security and self-reliance of Europe" by manufacturing rockets and missiles. "The centre of excellence, based in Germany, will be led by Rheinmetall and will primarily...
Alpha rocket carrying Lockheed satellite suffers 'mishap'
Firefly Aerospace said on Tuesday in an update that its Alpha rocket carrying Lockheed Martin Corporation's satellite suffered a "mishap" during the first stage separation "[which] impacted the Stage 2 Lightning engine nozzle, putting the vehicle in a lower-than-planned orbit."Firefly revealed that it was working with Lockheed Martin, the Space Force, and the United States Federal Aviation Administration (FAA) "to conduct a thorough investigation and determine the...
US backs $280M sale of Patriot System to Romania
The US State Department authorized a potential $280 million sale of a Patriot Air Defense System to Romania, the Defense Security Cooperation Agency said Monday. Congress was formally notified of the proposed deal the same day.Romania is seeking one radar set, one engagement control station, two launching stations, a power plant, and various support equipment. The package also includes modification kits, communication gear, classified software,...
Trump: We'll set prices for deals at some point
United States President Donald Trump stated on Thursday that Washington is going to just "at one point set prices" for tariff deals with other countries."They either negotiate a deal or we set a deal that we think is fair," the leader noted, and underscored that there is no country that does not want to negotiate for now. The American head of state also accused some countries receiving US military support of treating the US "unfairly."US Treasury Secretary Scott...

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.