×

Maintenance Repair & Overhaul Space Air Cargo

Home- Stories

Korea exports 24 attack jets to Iraq

: Dec 18, 2013 - : 12:04 am

FA-50 Korea Aerospace Industries (KAI) signed a $1.1 billion (1.1 trillion won) contract to sell 24 FA-50 light attack aircraft to Iraq, Thursday, December 12, the most lucrative defense export deal by local players. In Baghdad, KAI CEO Ha Sung-yong and Iraqi Prime Minster Nouri al-Maliki signed the deal. The Korean defense contractor is set to deliver the jets between October 2015 and October 2016. In addition, the two sides are on the verge of reaching another agreement including pilot training and logistical support with an estimated value of $1 billion. “The contract is the biggest achievement in the nation’s aerospace exports,” Ha said. “Through the deal, we discovered the aircraft’s competitiveness in the international market and potential as an export.” With the deal, KAI has put the first Middle East country on its customer list.

// Store email in localStorage (or send to backend for processing) // Show full content
MORE NEWS

Headquartered in Singapore with reporters spread across all major regions, GBP Aerospace & Defence is a leading media house that publishes three publications that serve the aerospace and defence sector - Asian Defence Technology, Asian Airlines & Aerospace and Daily News. Known industry-wide for quality journalism, GBP Aerospace & Defence is present at more international tradeshows and exhibitions than any other competing publication in the region.
For over three decades, our award-winning team of reporters has been producing top-notch content to help readers stay abreast of the latest developements in the field of commercial aviation, MRO, defence, and Space.

Popular Posts

Copyright 2024. GBP. All Rights Reserved.

Home Defence & Security Space Commercial Aviation Maintence Repair & Overhaul Daily News Events About Us