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Boeing Step Closer To Clinch a Big Deal From South Korea: Reuters

Reuters, quoting sources familiar with the matter, has reported that Boeing (NYSE: BA) is very close to clinch a huge deal from South Korea. The Company’s bid of $7.4 billion to supply South Korea with 60 fighter jets was only the offer which below the price ceiling set out by the nation’s arm procurement agency. The final decision regarding the procurement will be made in September but these sources said that the U.S. aircraft manufacturer’s bid was very likely to win them the contract. Boeing’s latest fighter jet, F-15Silent Eagle was pitted against Eurofighter consortium’s Typhoon and Lockheed Martin’s F-35 Stealth aircraft.

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