Completing a US$1.6 billion contract signed in 2006,
Boeing will deliver the first of South Korea's 737 Airborne Early Warning and Control (AEW&C) aircraft in July. Codenamed Peace Eye, the aircraft is an increased-gross-weight version of the 737-700 airliner with a Northrop-Grumman Multi-mode Electronically Scanned Array (MESA) radar and Identification Friend or Foe (IFF) system.
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