South Korea’s military has chosen Boeing Co (BA.N) to supply the country’s maritime patrol aircraft in a contract worth around 1.9 trillion won ($1.71 billion), a senior executive at Boeing said on Monday.
The South Korean procurement agency Defense Acquisition Program Administration (DAPA) said separately that it had decided to buy the P-8 Poseidon aircraft through the U.S. government foreign military sales program.
South Korea said in February that it would procure from overseas new maritime patrol aircraft with stronger anti-submarine capabilities in order to better respond to the threat of North Korea’s submarine-launched ballistic missiles.
