Tempest II
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I was thinking that $1.4m too low, but I found this from 2007. APG-68 (V)9 Radars for Pakistans F-16s (updated)
Also: Northrop Grumman Logs $87.8M Foreign Military Sale Contract for APG-68(V)9 Radars - G3 Defence
The KLJ-7 will be about 70% the cost of the APG-68.
So the AN/APG-68 (V)9 was costing $1.842m in 2007.Northrop Grumman Electronic Systems in Linthicum Heights, MD received a $99.5 million firm-fixed-price contract for government furnished property for the Government of Pakistan under the F-16 Block 50/52 new aircraft and modernization program. The procurement of 54 AN/APG-68 (V)9 Radar Systems will be accomplished under the firm-fixed-price portion of the contract.
Also: Northrop Grumman Logs $87.8M Foreign Military Sale Contract for APG-68(V)9 Radars - G3 Defence
That means at the moment the APG-68 costs $2.042m. I expected this to be much higher, to be around $4m.08:29 GMT, June 21, 2012 BALTIMORE | Northrop Grumman Corporation has received an $87.8 million foreign military sales (FMS) contract to provide the APG-68(V)9 airborne fire control radar to Thailand, Iraq and Oman for use on F-16 fighter aircraft.
The company will deliver six radar systems to the Royal Thai Air Force, 22 radar systems to the Iraqi air force and 15 radar systems to the Royal Air Force of Oman, for a total of 43 systems. Deliveries are expected to be completed by March 2015. The FMS contract is managed by the Aeronautical Systems Center, Wright-Patterson Air Force Base, Ohio.
The KLJ-7 will be about 70% the cost of the APG-68.