SEOUL, South Korea – South Korea has chosen a state-run aircraft maker as the sole preferred bidder for a contract to develop a midlevel fighter jet for about $7.8 billion with the help of Lockheed Martin Corp.
Officials say it's South Korea's biggest-ever weapons development project.
00:37 Here's the richest person in every American state18
19:14 George Clooney to sell tequila brand in $1 billion deal24
16:45 Officials declare states of emergency as flooding from Tropical Storm Cindy inundates South25
01:09 Kevin Durant plans to opt out of contract with Golden State Warriors27