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Boeing Wins Up to $2.81 Billion Contract to Modernize South Korea’s F-15K Fleet

The FMS deal launches phased design, integration, testing in St. Louis through 2037 to deliver a new integrated avionics architecture.

Overview

  • The Pentagon awarded the sole-source agreement to Boeing under the Foreign Military Sales program, with the U.S. Air Force Life Cycle Management Center as the contracting activity.
  • The contract is undefinitized and structured as a hybrid cost-plus-fixed-fee and fixed-price incentive arrangement capped at $2,805,961,005.
  • At award, $540 million in FMS funds were obligated to begin the program.
  • Work will be performed in St. Louis with performance scheduled through December 31, 2037.
  • The effort focuses on design and development rather than immediate production, with phased integration, testing, and validation to extend F-15K service life and interoperability alongside F-35As.