Korea Aerospace Industries

South Korean defense firm Korea Aerospace Industries (KAI) is pushing to expand its footprint in the global light combat aircraft market with an updated version of its FA-50 fighter jets. This model has already proven successful in exports, according to reports from Scramble.

European aerospace giant Airbus won a $1.33 billion deal on June 30 to supply air refuelling tankers to South Korea, beating US rival Boeing, Seoul's military procurement agency said.

Airbus Helicopters was poised to seal a deal on March 16 in South Korea to sell some 300 civil and military helicopters worth around three billion dollars, sources close to the agreement told AFP March 13.