South Korea Postpones Decision on Fighter Jet Contract

Not good news for Boeing

SEOUL—South Korea postponed a decision on a multibillion-dollar fighter-jet contract, further delaying the update of its aging fleet and dealing a blow to Boeing Co., which had been expected to win the deal.

Seoul's Defense Ministry said Boeing's revamped version of its F-15, the sole contending aircraft to fit under South Korea's budget cap, fell short of necessary requirements.