SEOUL, June 4 (Korea Bizwire) — South Korean defense firm Korea Aerospace Industries Ltd. (KAI) has signed a deal with the Philippine defense ministry to export 12 FA-50 light attack fighters, the state arms procurement agency said Wednesday. The US$700 million deal signed on Tuesday marks the second round of FA-50 exports to Manila, following [...]
SEOUL, June 24 (Korea Bizwire) — Korea Aerospace Industries Co. (KAI), South Korea’s sole aircraft manufacturer, is seeing new opportunities for aircraft deals from Eastern Europe and developing countries amid the ongoing war in Ukraine, a company executive has said. Demand for South Korean aircraft is on the rise, particularly from countries that need 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, Dec. 31 (Korea Bizwire) — Korea Aerospace Industries Co. (KAI), South Korea’s sole aircraft manufacturer, said Tuesday it will develop three satellites by 2025 in the second phase of the country’s satellite development project. KAI and the Korea Aerospace Research Institute (KARI) plan to jointly develop three midsized satellites that are capable of conducting [...]
SEOUL, Dec. 5 (Korea Bizwire) – South Korea successfully tested its first light civil helicopter developed with domestic technologies, the industry ministry said Thursday, paving the way for possible commercialization. The prototype edition of the light civil helicopter flew for around 20 minutes at the headquarters of the Korea Aerospace Industries (KAI) in the southern [...]
SEOUL, Feb. 6 (Korea Bizwire) – Korea Aerospace Industries Co. (KAI), South Korea’s sole aircraft manufacturer, will promote its products at this year’s Singapore Airshow for possible deals with foreign customers, the company said Tuesday. At the 2018 Singapore Airshow, which runs through Sunday, KAI showcased the KT-1 basic and the T-50 advanced trainers. It [...]
SEOUL, Nov. 15 (Korea Bizwire) – Korea Aerospace Industries Co. (KAI), South Korea’s only aircraft maker, said Wednesday it achieved an international top rating in software development capability, a feat that it hopes will bolster its exports. KAI earned a level 5 rating of the Capability Maturity Model Integration (CMMI), which appraises all aspects of a company’s aeronautical prowess, as well as the ability to push forward [...]
SEOUL, Oct. 26 (Korea Bizwire) – Korea Aerospace Industries Co. (KAI), the country’s sole aircraft manufacturer, has named a former audit and inspection official its new chief executive after its former head stepped down in July over a corruption scandal. KAI held a board meeting on Wednesday to appoint Kim Jo-won, who worked at the Board of Audit and Inspection [...]
SEOUL, Sept. 25 (Korea Bizwire) — South Korea’s military has decided to purchase more T-50 advanced trainer jets from a local producer, the nation’s arms agency said Monday. The decision was made at the 105th session of the weapons procurement committee, presided over by Defense Minister Song Young-moo, according to the Defense Acquisition Program Administration [...]
SEOUL, Sept. 21 (Korea Bizwire) — A senior official at Korea Aerospace Industries Co. (KAI) was found dead Thursday in an apparent suicide, police said, amid a widening probe into an array of suspected irregularities at the aircraft maker. Police said Kim In-sik, KAI vice president in charge of its overseas business, was found hanged [...]