S.Korea picks KAI, with Lockheed, for $7.9 bln fighter jet development
March 29, 2015 at 23:28 PM EDT
SEOUL, March 30 (Reuters) - South Korea's arms procurement agency on Monday said the country has chosen Korea Aerospace Industries Ltd, which expects to partner Lockheed Martin Corp, to develop a mid-level fighter jet which two people with knowledge of the matter said will cost 8.7 trillion won ($7.88 billion).
