SEOUL, Nov. 26 (Korea Bizwire) — Hanwha Aerospace Co. said Tuesday it has won a 473 billion-won (US$336.6 million) contract from Korea Aerospace Industries Ltd. to supply components for South Korea’s next-generation KF-21 fighter jets. Under the deal, Hanwha Aerospace will supply key components, including the auxiliary power unit, as well as propulsion, landing, drive [...]
SEOUL, Aug. 16 (Korea Bizwire) — South Korea’s defense authorities on Friday approved a plan to reduce Indonesia’s contribution for a joint fighter jet development project to 600 billion won (US$440 million), about one-third of the original amount, the state arms procurement agency said. The Defense Project Promotion Committee endorsed the plan amid concerns over [...]
SEOUL, Jul. 10 (Korea Bizwire) — South Korea began production of the homegrown KF-21 fighter jet Wednesday, the defense procurement agency said, in the latest milestone in the country’s efforts to build an advanced fighter aircraft. A ceremony marking the assembly of the first KF-21 production model took place at Korea Aerospace Industries Ltd. (KAI), [...]
SEOUL, Jun. 25 (Korea Bizwire) — Korea Aerospace Industries, Ltd. (KAI) said Tuesday it has signed a 1.96 trillion-won (US$1.41 billion) deal with the state defense procurement agency to start production of the next-generation KF-21 fighter jet. The contract with the Defense Acquisition Program Administration (DAPA) covers a total of 20 KF-21 units, including follow-up [...]
SEOUL, May 8 (Korea Bizwire) — South Korea’s state procurement agency on Wednesday hinted at accepting Indonesia’s proposal to reduce its cost sharing for the KF-21 fighter jet program under the condition of providing fewer technology transfers, a move that would increase the financial burden on Seoul. The Defense Acquisition Program Administration (DAPA) said Indonesia [...]
SEOUL, May 7 (Korea Bizwire) — South Korea has been deliberating on Indonesia’s proposal to reduce its payment for a joint development project for the KF-21 fighter jet, the state procurement agency said Tuesday, amid an ongoing probe into an alleged technology leak by Indonesian engineers. Indonesia has reportedly suggested paying only 600 billion won [...]
SEOUL, Feb. 6 (Korea Bizwire) – Indonesia said its engineers under probe over allegedly stealing technologies related to the KF-21 fighter jet under development will provide their “full cooperation” in the investigation, a foreign ministry official said Tuesday. The engineers dispatched to Korea Aerospace Industries (KAI) are under suspicion of storing data on KF-21 development [...]
SEOUL, Feb. 2 (Korea Bizwire) — Indonesian engineers have been under investigation over allegedly stealing technologies related to the KF-21 fighter jet under development, the state-run procurement agency said Friday. The engineers dispatched to Korea Aerospace Industries (KAI) are under suspicion of storing data on KF-21 development on a USB, according to the Defense Acquisition [...]
SEOUL, May 16 (Korea Bizwire) — South Korea’s homegrown KF-21 fighter jet passed a provisional combat suitability evaluation earlier this week, the state arms procurement agency said Tuesday, in a key milestone ahead of its initial production phase set to begin next year. The Defense Acquisition Program Administration (DAPA) said the evaluation by the Joint [...]
SEOUL, March 28 (Korea Bizwire) — South Korea successfully carried out the first armament tests on two prototypes of its homegrown KF-21 fighter Tuesday, the state arms procurement agency said, in a step to vet its combat capabilities. The prototypes underwent separate tests over the waters off the country’s southern coast after they took off [...]