Korea Aerospace Industries Co Archives

KAI Signs Agreement with Polish Defense Firms for FA-50 Jet Maintenance

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 [...]

Prosecution Widening KAI Probe to Alleged Accounting Fraud Related to Fighter Jet Project

SEOUL, Sept. 13 (Korea Bizwire) – Prosecutors investigating accounting fraud allegations at South Korea’s sole aircraft manufacturer related to a helicopter project are broadening inquiries into new suspicions that the company may also have cooked the books in connection with a mammoth state project to build fighter jets locally, prosecution officials said Wednesday. The Seoul [...]