SEOUL, Sept. 18 (Korea Bizwire) – With the South Korean government pushing to strengthen its defense industry competitiveness and become one of the world’s top four arms exporters, the country’s flagship weapons systems are undergoing significant upgrades to expand their presence in the global market. At the International Defense Industry Exhibition (MSPO) held in Poland earlier [...]
SEOUL, Jun. 25 (Korea Bizwire) – Korea Aerospace Industries Co. (KAI) said Tuesday it has forged an agreement with a Polish defense firm to establish a support system for maintenance and related services for its FA-50 fighter jets exported by KAI. KAI said it signed a teaming agreement with WZL-2, a maintenance, repair and overhaul [...]
SEOUL, July 28 (Korea Bizwire) — Korea Aerospace Industries (KAI), South Korea’s sole aircraft maker, has signed a basic US$3 billion deal with Poland to export 48 FA-50 light attack fighters, its officials said Thursday. The largest FA-50 export deal was part of the “framework contracts” that the Polish government inked the previous day to [...]
SEOUL, June 12 (Korea Bizwire) — Korea Aerospace Industries Co., South Korea’s sole aircraft manufacturer, said Sunday it has signed an agreement with the U.S. defense firm Lockheed Martin to boost sales of its advanced trainer jets in the United States. Under the “Teaming Agreement” signed on Thursday (U.S. time), the two sides agreed to [...]
SEOUL, Feb. 3 (Korea Bizwire) — The South Korean military is seeking to export US$1 billion worth of an indigenous light attack aircraft to Peru, informed sources said Tuesday. “We’ve been pushing to sell 24 units of the FA-50 to Peru, and are planning to submit a proposal for Lima’s fighter purchase project this month,” said [...]