SEOUL, Jan. 7 (Korea Bizwire) - South Korea’s sole aircraft manufacturer Korea Aerospace Industries Ltd. (KAI) said Thursday that it has signed a formal deal to jointly develop its next-generation fighter plane with Indonesia. The cost sharing agreement reached in Jakarta between KAI and Indonesia’s defense ministry calls for Jakarta to foot 20 percent of the [...]
SEOUL, Dec. 29 (Korea Bizwire) – South Korea’s sole aircraft maker Korea Aerospace Industries Ltd. (KAI) said Tuesday it has completed the development of a marine variant of its Surion transport helicopter, which will help enhance the range of operation and mobility for the Marine Corps. The KAI undertook the project in 2013 to produce [...]
SEOUL, Nov. 27 (Korea Bizwire) - Korea Aerospace Industries Ltd. (KAI), South Korea’s sole aircraft manufacturer, said Friday that it has made the first delivery of its multi-mission jets to the Philippines, further solidifying its status as an aircraft exporter. The two FA-50PH took off from Sacheon, 437 kilometers south of Seoul, to make the 2,482 [...]
SEJONG, Nov. 4 (Korea Bizwire) – South Korea’s largest aerospace company Korea Aerospace Industries Ltd. (KAI) said Wednesday that it inked a deal with Airbus Helicopters to sell locally made choppers abroad. The strategic partnership memorandum of understanding (MOU) reached in Seoul comes as the two companies concurred on the need to expand cooperation in [...]