Featured News
Concerns of delay loom over KF-21 fighter jet program as production costs likely to rise
South Korea's first homegrown fighter jet program may face delays as costs for follow-on production are projected to sharply rise from the original estimate, a document drafted by the state arms procurement agency showed Tuesday. The "Block-II" production of the KF-21 Boramae fighters was projected to cost 18.44 trillion won (US$12.5 billion) as of March, an increase of 29.5 percent, or 4.19 trillion won, from the initial estimate of 14.24 trillion won made in August 2024, according to the document by the Defense Acquisition Procurement Administration (DAPA) submitted to a lawmaker.
Read full article