European Military Aircraft Industry:EADS Offers $2 Billion Investment In South Korea Eurofighter Deal

Eurofighter

EADS is offering a $2 billion investment as it gears up to compete against U.S rivals for a contract to provide 60 advanced fighter planes to South Korea.

This offer is focused on South Korea's KF-X program aimed at developing an indigenous multi-role combat fighter.

 EADS officials announced Thursday that they would invest separately into the South Korean project to develop its own advanced fighter jets, if it is chosen for the combat aircraft contract valued at $7.2 billion.

Read more: EADS Offers $2 Billion Investment In South Korea Eurofighter Deal