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South Korea cancels BAE Systems’ KF-16 modernization contract
The Government of the Republic of Korea officially requested yesterday to cancel the KF-16 upgrading contract with BAE Systems Technology Solutions & Service of the USA. The contract worth $138 million was the lead part in a longer upgrading program covering the modernization of 134 Republic of Korea Air Force KF-16s. The contract was managed by the US Air Force under the U.S. Foreign Military Sales (FMS) procurement.