BAE wins South Korea fighter jet contract

BAE Systems, Europe's biggest defence contractor, has scored a contract with South Korea, which is reportedly worth more than one billion dollars, the majority of which will go in BAE's back pocket.

BAE Systems, Europe's biggest defence contractor, has scored a contract with South Korea, which is reportedly worth more than one billion dollars, the majority of which will go in BAE's back pocket.

Under the contract the group will upgrade over 130 F-16 fighter aircraft, with the work taking place in the US over the next 10 years.

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