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Lockheed Martin Sells Trainer Jets to South Korea.(Knight Ridder/Tribune Business News)
Knight Ridder/Tribune Business News, July, 2000 by Fairbank, Katie
Jul. 26--FARNBOROUGH, England--Lockheed Martin Aeronautics Co. of Fort Worth announced Tuesday that it will sell its T-50 trainer jet to South Korea before offering it to the United States military.
The deal will make Lockheed the first U.S. company to sell a military jet overseas before making a sale at home.
South Korea had the inside track on the T-50, known as the Golden Eagle, because Lockheed and Korean Aerospace Industries are developing it.
"This is a unique situation," Lockheed vice president Tuck McAtee said at the Farnborough International 2000 air show. "We're truly a model."
South Korea has committed to buy 94 of the trainers with an option to purchase 200 more.
Both Lockheed and Korean Aerospace Industries had...
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