SEOUL, February 20 (AJP) - Boeing has been selected as the preferred bidder for a South Korean defense procurement program valued at approximately 3.4 trillion won ($2.3 billion), the Defense Acquisition Program Administration (DAPA) said on Friday.
According to DAPA, Boeing was the sole bidder to submit a proposal in November last year, after two previous bidding rounds in June and October failed to produce a contract. Sikorsky, a subsidiary of Lockheed Martin, had been expected to compete with its heavy-transport helicopter, the CH-53K King Stallion, but failed to do so.
Boeing proposed the CH-47F/ER, an upgraded version of the CH-47F Chinook, at a cost of $57 million per unit.
The program aims to procure approximately 20 heavy-lift helicopters for special operations including air infiltration search-and-rescue missions, with deliveries scheduled between 2026 and 2033.
DAPA said it plans to finalize a contract with Boeing by June, pending technical evaluations and tests.
According to DAPA, Boeing was the sole bidder to submit a proposal in November last year, after two previous bidding rounds in June and October failed to produce a contract. Sikorsky, a subsidiary of Lockheed Martin, had been expected to compete with its heavy-transport helicopter, the CH-53K King Stallion, but failed to do so.
Boeing proposed the CH-47F/ER, an upgraded version of the CH-47F Chinook, at a cost of $57 million per unit.
The program aims to procure approximately 20 heavy-lift helicopters for special operations including air infiltration search-and-rescue missions, with deliveries scheduled between 2026 and 2033.
DAPA said it plans to finalize a contract with Boeing by June, pending technical evaluations and tests.
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