29th Oct 2014 06:45
LONDON (Alliance News) - BAE Systems PLC has said the US Air Force has halted some initial work being undertaken by the company on a project to upgrade South Korea's F-16 fighter jets amid ongoing talks regarding the second phase of the project, Reuters reported on Wednesday.
Brian Roehrkasse, a spokesman for the FTSE 100 defence and aerospace company, said it remains "concerned about the lack of progress in the negotiations between the Republic of Korea and the US Air Force on the KF-16 upgrade programme that has now resulted in a partial stop work order".
http://uk.reuters.com/article/2014/10/29/uk-bae-systems-southkorea-exclusive-idUKKBN0II03720141029
By Sam Unsted; [email protected]; @SamUAtAlliance
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