S. Korea picks GE as preferred bidder for homegrown fighter jet engines
May 26, 2016 at 02:28 AM EDT
SEOUL, May 26 (Reuters) - General Electric Co has been chosen as the preferred bidder to supply engines for South Korea's KF-X homegrown fighter jets, the country's arms procurement agency said, beating Eurojet in what could be an estimated $3.5 billion deal.