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[i]In early 2018, the Air Force intends to ... award a contract worth up to $16 billion to replace its 431 remaining T-38s with 350 brand-new trainers, dubbed "T-X" until a formal designation is chosen. If the plan holds, the first of the new two-seat jets will join the Air Force by late 2023, along with state-of-art ground-based simulators. Four (perhaps five) teams have submitted bids to build the T-X, and the two front runners are dominant players in the global military aircraft industry: Boeing, in partnership with Saab AG of Sweden, and Lockheed Martin, teamed with Korean Aerospace Industries. Some observers believe that Italian company Leonardo (via its U.S. subsidiary, Leonardo DRS) has an outside chance of winning the Air Force contract. The two other entities in contention — upstart Stavatti Aerospace and small contractor Sierra Nevada Corporation (with Turkish Aerospace Industries) — are considered extreme longshots; though cited by the Congressional Research Service as a potential candidate, Sierra Nevada has not publicly confirmed or denied entering the competition.[/i]
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