South Korea resets Fighter Jet bidding

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sferrin

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Unread post06 Dec 2016, 19:04

maus92 wrote:Paywall down:

http://aviationweek.com/defense/s-korea ... -35-budget

..."South Korea decided in November 2013 to buy 40 F-35s, which would serve alongside Boeing F-15Ks as the country’s main strike fighters. According to a schedule set early in the program, 900 billion won would be spent on the F-35 acquisition in 2017. Deliveries have been due in 2018–21.

But in its budget request the [defense] ministry asked for 30% more because the 2017 installment under the U.S. Foreign Military Sales process turned out to be unexpectedly high. The Parliament has denied that request, although at 987.1 billion won the 2017 funding will be higher than originally scheduled.

The pace of deliveries will therefore be slowed...."

Acquiring the F-35 turns out to be 30% more expensive than anticipated - more evidence that the cost curve has flattened. LM / JPO need to pay attention because the incoming administration is at least sounding like it's getting serious about cutting underperforming / over budget programs.


I'm sure you'll keep your fingers crossed. :roll:
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SpudmanWP

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Unread post06 Dec 2016, 19:06

maus92 wrote:Acquiring the F-35 turns out to be 30% more expensive than anticipated


Stop the BS.. It's just the down payment that is unexpectedly high. The overall price is not reported to have changed.
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marauder2048

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Unread post06 Dec 2016, 20:12

SpudmanWP wrote:
maus92 wrote:Acquiring the F-35 turns out to be 30% more expensive than anticipated


Stop the BS.. It's just the down payment that is unexpectedly high. The overall price is not reported to have changed.



Or it's the 20%+ swing in Korean Won <-> USD plus the FMS/USG administrative fees which add another 5 - 10%
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Corsair1963

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Unread post07 Dec 2016, 03:49

The F-35 is the only option for South Korea in the foreseeable future to counter China and/or North Korea. So, not like she really has an option regardless the price....
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maus92

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Unread post07 Dec 2016, 16:27

Corsair1963 wrote:The F-35 is the only option for South Korea in the foreseeable future to counter China and/or North Korea. So, not like she really has an option regardless the price....


F-15K is another option.
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maus92

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Unread post07 Dec 2016, 16:31

SpudmanWP wrote:
maus92 wrote:Acquiring the F-35 turns out to be 30% more expensive than anticipated


Stop the BS.. It's just the down payment that is unexpectedly high. The overall price is not reported to have changed.


Yet the "pace of delivery will be slowed." (Which might actually be a good thing.) 30% difference in the estimate to the actual is a large margin. Somebody lowballed the estimate, and the program is getting bitch-slapped by their legislators.
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Unread post07 Dec 2016, 17:07

maus92 wrote:[Yet the "pace of delivery will be slowed." (Which might actually be a good thing.)


Slowing them down (ie annual buy rates) will just make them more expensive and drive up the cost of keeping the current systems flying.
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XanderCrews

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Unread post07 Dec 2016, 18:12

maus92 wrote:
SpudmanWP wrote:
maus92 wrote:Acquiring the F-35 turns out to be 30% more expensive than anticipated


Stop the BS.. It's just the down payment that is unexpectedly high. The overall price is not reported to have changed.


Yet the "pace of delivery will be slowed." (Which might actually be a good thing.) 30% difference in the estimate to the actual is a large margin. Somebody lowballed the estimate, and the program is getting bitch-slapped by their legislators.


"Bitch slapped"= still buying them

Want to see a real bitch slap take a look at what Trump said to Boeing regarding AF1.
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zerion

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Unread post21 Dec 2017, 18:31

South Korea plans to buy 20 additional F-35 aircraft: report
Reuters

SEOUL (Reuters) - South Korea plans to buy an additional 20 F-35A stealth fighter aircraft from the United States, a South Korean newspaper reported on Thursday, less than two months after U.S. President Donald Trump announced Seoul would be purchasing billions of dollars in new military equipment.

South Korea’s Defence Acquisition Program Administration has established a process for procuring the 20 additional aircraft, the Joongang Ilbo newspaper reported, citing multiple government sources.

https://www.yahoo.com/news/south-korea- ... 56704.html


In other news the F-35 has entered the death spiral.
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XanderCrews

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Unread post21 Dec 2017, 19:31

zerion wrote:
South Korea plans to buy 20 additional F-35 aircraft: report
Reuters

SEOUL (Reuters) - South Korea plans to buy an additional 20 F-35A stealth fighter aircraft from the United States, a South Korean newspaper reported on Thursday, less than two months after U.S. President Donald Trump announced Seoul would be purchasing billions of dollars in new military equipment.

South Korea’s Defence Acquisition Program Administration has established a process for procuring the 20 additional aircraft, the Joongang Ilbo newspaper reported, citing multiple government sources.

https://www.yahoo.com/news/south-korea- ... 56704.html


In other news the F-35 has entered the death spiral.


Will this program ever quit death spiraling :mrgreen:
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botsing

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Unread post21 Dec 2017, 19:41

XanderCrews wrote:Will this program ever quit death spiraling

I guess the F-35 deathspiral is in a deathspiral. :mrgreen:
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steve2267

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Unread post21 Dec 2017, 19:58

KJU is the gift that keeps on giving. I am somewhat flabbergasted that maus has not called for an investigation into LM for their obvious puppeteering / string pulling of KJU. KJU starts making stupid pronouncements, countries get spooked, buy more F-35s... LM stock keeps going up up up. Its a conspiracy I tell ya.. :devil:
Take an F-16, stir in A-7, dollop of F-117, gob of F-22, dash of F/A-18, sprinkle with AV-8B, stir well + bake. Whaddya get? F-35.
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nutshell

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Unread post21 Dec 2017, 20:59

The undisputed best westen fighter HAS to come with the premium price tag; honestly speaking.
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blindpilot

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Unread post22 Dec 2017, 02:29

XanderCrews wrote:
zerion wrote:
South Korea plans to buy 20 additional F-35 aircraft: report
Reuters

SEOUL (Reuters) - South Korea plans to buy an additional 20 F-35A stealth fighter aircraft..

In other news the F-35 has entered the death spiral.

Will this program ever quit death spiraling :mrgreen:


Just for those keeping score there are now more F-35s than Gripens of any A/C/E model, and of course the less than 200 Rafales. It's certainly good those aircraft are not experiencing this death spiral ... or... maybe they wished they were? ...

Just Saying,
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mas

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Unread post22 Dec 2017, 02:39

The more important question is will there be more F-35s built than F-16s ? Probably, in the end by say 2045-50.
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