According to DSCA(Defense Security Cooperation Agency) website South Korean government has canceled the F-16 upgrade contract with BAE Systems.
F-16 Fighting at Kunsan Air Base, South Korea in 2012
Photo - Wikimedia commons
The statement posted on DSCA website:
On November 5, 2014, at the request of the Government of the Republic of Korea, the U.S. Government notified BAE Systems Technology Solutions & Service of Rockville, Maryland, that it would terminate for convenience a contract with BAE for initial development and long lead production in support of the Republic of Korea KF-16 fighter aircraft upgrade. This contract was the first of a two-phase Foreign Military Sales (FMS) procurement for the upgrade of 134 KF-16s. The U.S. Government will work with BAE to close out the contract
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