U.S. Markets open in 5 hrs 24 mins
  • S&P Futures

    4,109.25
    -10.25 (-0.25%)
     
  • Dow Futures

    33,570.00
    -112.00 (-0.33%)
     
  • Nasdaq Futures

    13,812.75
    -16.75 (-0.12%)
     
  • Russell 2000 Futures

    2,230.10
    -9.10 (-0.41%)
     
  • Crude Oil

    58.81
    -0.51 (-0.86%)
     
  • Gold

    1,739.60
    -5.20 (-0.30%)
     
  • Silver

    25.12
    -0.20 (-0.81%)
     
  • EUR/USD

    1.1879
    -0.0025 (-0.2138%)
     
  • 10-Yr Bond

    1.6660
    0.0000 (0.00%)
     
  • Vix

    17.42
    +0.26 (+1.52%)
     
  • GBP/USD

    1.3742
    +0.0037 (+0.2666%)
     
  • USD/JPY

    109.4070
    -0.2430 (-0.2216%)
     
  • BTC-USD

    60,800.86
    +1,140.68 (+1.91%)
     
  • CMC Crypto 200

    1,303.18
    +112.49 (+9.45%)
     
  • FTSE 100

    6,876.52
    -39.23 (-0.57%)
     
  • Nikkei 225

    29,538.73
    -229.33 (-0.77%)
     

South Korea rejects Boeing in $7.7 billion fighter jet deal

SEOUL (Reuters) - South Korea voted against Boeing's (BA) F-15 Silent Eagle in its 8.3 trillion won ($7.7 billion) tender for 60 fighter jets, the country's arms procurement agency said on Tuesday, saying it will restart the project.

"DAPA...will swiftly pursue the program again in order to minimize the vacuum in combat capabilities," South Korea's Defense Acquistion Program Administration (DAPA) said in a statement.

Boeing's F-15 had been the only bid out of three that was under-budget and eligible to win the country's largest-ever defense import deal under South Korean law.

(Reporting by Ju-min Park and Joyce Lee; Editing by Jeremy Laurence)