Boeing closing in on Korean deal

Staff, St. Louis Business Journal
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Boeing’s bid for a South Korean fighter jet project worth an estimated $7.64 billion appears likely to be accepted.

Boeing Co’s F-15 Silent Eagle was the only eligible bid coming in under budget, according to Reuters.

Lockheed Martin Corp. and Eurofighter also submitted bids.

The deal will be scrutinized by a final decision-making committee chaired by South Korea’s defense minister, according to the news agency. That committee will meet next week.

Boeing Defense, Space & Security, based in Hazelwood, is a $33 billion business of Boeing Co. (NYSE: BA) with 15,110 full-time local employees.

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Katerina Canyon

Katerina Canyon serves as Executive Director of the Peace Economy Project, where she combines her passion for community advocacy, creative expression, and social justice to challenge militarization and uplift human-centered policy. Drawing on experience in tech, nonprofits, and international communication, she leads research and organizing focused on peace, accountability, and community investment. She is also a poet whose work explores trauma, resilience, and collective healing.