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St. Louis Business & Technology News
www.slfp.com/SLFPBIZp.htm "When you think Saint Louis, think Saint Louis Front Page," a weekly publication covering the news and events in the greater St. Louis area. 
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ST. LOUIS, (SLFP.com), April 19, 2002 - The Republic of Korea has completed its F-X fighter aircraft evaluation and announced it will finalize a contract with Boeing [NYSE: BA] for 40 F-15Ks and associated weapons and support. "We won this important sale mainly because of the great work done by local Boeing workers," said Senator Kit Bond (R) in a statement. A senior member of the U.S. Senate Appropriations Committee, Bond played the key role in securing more than $700 million in 1999 and 2000 to purchase 10 additional F-15Es to keep the Boeing St. Louis production in operation until the Korean sale materialized. "It's rather simple - our Korean friends recognized that St. Louis builds the best fighter planes in the world," stated Bond. Bond was notified of the Republic of Korea decision by a middle-of-the-night phone call from the U.S. Embassy in Seoul. "We are honored that the F-15K was selected, and excited that we will be able to expand our long-standing relationship with the Republic of Korea," said Boeing Chairman and Chief Executive Officer Phil Condit. "Our best people and strongest efforts will help ensure a successful program for the Korean people."
Boeing, the leading purchaser of Korean aerospace products and the world's largest aerospace company, will use the F-15K program to enhance partnerships with Korean companies. Boeing is committed to helping address Korea's industrial and technology development priorities, including the stated desire for Korea to produce its own fighter by 2015. "It is very gratifying that Korea's transparent and fair evaluation led it to decide that the F-15K provides the modern, long-range, multirole capabilities it requires well into the 21st century," said Jerry Daniels, president and chief executive officer of Boeing Military Aircraft and Missile Systems. "This was a great team effort. The Korean Air Force has my full commitment that we will work together to deliver them the world's most advanced fighter-bomber. This will certainly be a 'next-generation' project in every aspect, and we look forward to building on our relationships with Korean industry through this program," stated Daniels. In announcing the selection today in Seoul, the Republic of Korea's Ministry of National Defense cited the F-15K's strengths as its multirole performance, payload-carrying ability, combat radius, engine performance, survivability, proven performance, software maintenance and upgrade capabilities, and the fact that 15 new technologies will be applied to the aircraft. Production of the 40 F-15K aircraft will augment current production of U.S. Air Force F-15s at the Boeing facility in St. Louis. The first F-15K will be delivered during 2005, the last in 2008. The U.S. Air Force will maintain sizeable numbers of F-15 in the inventory beyond 2030, guaranteeing our Korean allies a steady support base for their F-15K fleet. Boeing has built more than 1,500 various models of the F-15 since 1974, including more than 230 U.S. Air Force F-15Es. The Republic of Korea now joins Japan, Saudi Arabia and Israel as key U.S. allies equipped with the F-15 warplane.  Return to St. Louis Front Page 
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