
South Korea will benefit from economies of scale when production of the F-35 stealth jet goes into full swing in the next five years if it signs a contract for 40 aircraft for delivery starting from 2018, a senior Lockheed Martin official said. Seoul is set to confirm a plan to buy 40 F-35As through the U.S. foreign military sales (FMS) program without open bidding, while the Defense Acquisition Program Administration (DAPA) and the finance ministry are currently deliberating the total budget.
GMT 17:56 2018 Wednesday ,17 January
Ericsson to write down 1.4 billion euros in fourth quarterGMT 19:16 2018 Saturday ,13 January
China shuts Marriott website over Tibet error, scolds other firmsGMT 17:31 2018 Thursday ,11 January
UK group bids for Europe's biggest aluminium smelterGMT 17:24 2018 Thursday ,11 January
UK supermarket Sainsbury's lifts outlook after bumper ChristmasGMT 17:52 2018 Tuesday ,09 January
H&M removes 'black boy' ad after racism accusationGMT 19:38 2018 Wednesday ,03 January
Petrobras pay $2.95bn to settle US class action on corruptionGMT 13:49 2018 Wednesday ,03 January
China’s Ant Financial drops $1.2 billion MoneyGram deal as US approval failsGMT 17:47 2017 Sunday ,31 December
BA owner to buy bankrupt Austrian airline Niki
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