South Korea’s plan to purchase C-130Js from Lockheed Martin has hit a roadblock over the price.
Sources say the Defense Acquisition Program Administration (DAPA) has “miscalculated” the costs involved.
“The DAPA even failed to include costs for spare parts, including extra engines, and other logistics support in its preliminary price estimation report,” an anonymous source told Korea Times.
The agency selected the C-130J over the A400M last year and had wanted to conclude the deal by end of this year.
A DAPA spokesman admitted the negotiations have stalled but said his agency is still trying to seal a contract by year’s end.