New Zealand boosts defence spend to US$6.6 billion and vows increased closeness with Australia
This budget will be spent over the next four years and nearly doubles the country’s defence spending as part of GDP to 2%.
South Korea accepts two bids for KF-X fighter
Two companies have submitted bids for South Korea’s US$7.9 billion programme to develop and procure a locally-build fighter.
The project suffered a slight hiccup when the original bidding process was declared void after only Korea Aerospace Industries (KAI) lodged a bid before the deadline passed on 9 February 2015.
Procurement regulations require at least two bidders per contract.
After its re-launch on 10 February, however, both KAI and Korean Air submitted bids for the ten-year KF-X development contract with the Defense Acquisition Program Administration (DAPA).
The deadline was 24 February.
Both contenders have teamed with foreign partners as is required
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