My Defense News colleague Andrew Chuter has some more details on the offset agreement that Lockheed Martin is putting in place with South Korea for its purchase of the F-35. Lockheed Martin has agreed to the deal with South Korea for the sale of 40 F-35 combat jets; some 50 percent of the value of the near $7 billion U.S. agreement is covered by offset arrangements, writes Chuter.
Offsets represent the work that South Korean companies would get on the F-35 project….so $3.5 billion U.S. In some cases offsets could be handled in rather unique ways.
How South Korea will get those offsets is still being worked out.
But one suggestion in Chuter’s article is that Lockheed might buy and launch a satellite for South Korea in partial exchange for its F-35 offsets.
Full article here:
