Boeing seeks OK to export stealthy F-15 to S.Korea

* U.S. government approved permission to export

* Boeing awaits response to S.Korea license request

WASHINGTON, July 7 (BestGrowthStock) – Boeing Co (BA.N: ) said it has
applied for an export license to sell a stealthy variant of its
F-15 fighter jet to South Korea, which is expected to release
terms of a competition for 60 new fighters next year.

Brad Jones, Boeing program manager for the F-15 “Silent
Eagle” model, said South Korea has already ordered 60 K models
of the F-15 fighter, and has expressed interest in the newest
variant of the successful fighter, which has special coatings
to help it evade enemy radar, for the next phase of its fighter
procurement.

Jones said Boeing had provided flight evaluation data to
the U.S. government in the fourth quarter of 2009 about the new
F-15 model, and received an export release policy in the second
quarter of 2010.

The company followed up with a formal export license
request pegged to South Korea’s interest, and was now awaiting
the government’s decision.

He said it was not yet clear if South Korea would seek the
stealthy version for all 60 fighters expected in the third
tranche of its fighter replacement program.

Jones said Boeing had also reached an agreement with an
international defense company to design the weapons bay for the
F-15 Silent Eagle variant and other F-15 models, but said the
company in question did not want to be identified.

Work on the program would begin once Boeing had a buyer for
the new fighter model, he said.

Boeing unveiled plans for the “Silent Eagle” in March 2009,
pegging its projected cost at roughly $100 million per plane,
including pilot training, spares and support equipment.

U.S. military officials have said the new F-15 model would
have an edge over other fighters of its generation with the
stealthy coatings, but said the new plane would still be no
match for the next-generation F-35 fighter being built by
Lockheed Martin Corp (LMT.N: ).
(Reporting by Andrea Shalal-Esa, editing by Matthew Lewis)

Boeing seeks OK to export stealthy F-15 to S.Korea