Hanwha Aerospace Signs $459 Million Contract for KF-21 Jet Engines

Hanwha Aerospace signs $459 million contract for KF-21 jet engines

The new deal follows a previous engine supply contract worth 556.2 billion won signed in 2023. Combined, both contracts amount to a total value of 1.18 trillion won. Under the latest agreement, Hanwha Aerospace will supply 80 F414 engines for the first mass-produced batch of KF-21 jets by December 2028. The contract also includes logistics support, such as maintenance parts, technical manuals and on-site technical assistance. Hanwha Aerospace ha…

KAI Secures Contract for 20 Additional KF-21 Boramae Fighter Jets

Seoul, June 30 - In a significant boost to South Korea’s aerospace industry and national defense capabilities, Korea Aerospace Industries (KAI) has secured a second production contract for its domestically developed KF-21 Boramae fighter jet. The agreement, signed with the Defense Acquisition Program Administration (DAPA), is valued at 2.39 trillion won (approximately $1.76 billion) and covers the production of an additional 20 KF-21 jets. This …

South Korea buys 20 more KF-21 Boramae fighter jet

Korea Aerospace Industries Co. (KAI) has secured a second production contract for its domestically developed KF-21 Boramae fighter jet. In a press release issued Thursday, KAI announced it signed a 2.39 trillion-won ($1.76 billion) agreement [...]