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KAI inks Deal to Jointly Develop Next-Generation Fighter with Indonesia

KAI inks Deal to Jointly Develop Next-Generation Fighter with Indonesia

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 [...]

KAI Makes First Delivery of Fighter Jets to the Philippines

KAI Makes First Delivery of Fighter Jets to the Philippines

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 [...]

KAI Inks MOU with Airbus Helicopters to Export Locally Built Choppers

KAI Inks MOU with Airbus Helicopters to Export Locally Built Choppers

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 [...]