Boeing Receives $2.8 Billion Contract to Modernize South Korea Fleet of F-15’s
South Korea’s F-15’s are going to continue to receive needed upgrades:
The Defense Department approved a $2.8 billion, 11-year hybrid contract with Boeing to modify F-15K Slam Eagle fighters for the South Korean air force, the Pentagon announced Friday. The contract calls for “design and development of an integrated suite of aircraft systems” as part of overall modernization of the Slam Eagles, the South Korean variant of the F-15 Eagle fourth-generation fighter.
The U.S. government, which acts as a go-between, paying the contractor and collecting from South Korea, advanced $540 million under the contract as part of the Foreign Military Sales program. Boeing delivered the first of 40 Slam Eagles to Seoul in October 2005. It contracted for another 21 aircraft in April 2008, according to a company news release in April 2012.
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