South Korea on Thursday took delivery of a third advanced surveillance plane from U.S. aircraft giant Boeing to strengthen the country's capacity to carry out aerial surveillance of its Communist neighbor North Korea.
The Defense Acquisition Program Administration (DAPA) said in a statement the Air Force would soon deploy its third E-737 Airborne Early Warning and Control plane dubbed "Peace Eye" in South Korea.
South Korea had concluded a $1.6-billion deal with Boeing in 2006 to buy four modified versions of the high-altitude surveillance aircraft. The first two planes were delivered to the Air Force last year.
The DAPA said under Boeing's supervision, Korea Aerospace Industries, a local aerospace company, manufactured the radar system and other electronic parts for the third E-737.
The E-737, equipped with a sophisticated radar system called a Multi-role Electronically Scanned Array, can detect and monitor up to 1,000 airborne or surface targets simultaneously, South Korea's official media reported.
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Political News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.