Breaking news
KAI reached deal with Indonesia over the KF-X fighter aircraft developement.
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World Defense & Security News - South Korea & Indonesia
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KAI reached deal with Indonesia over the KF-X fighter aircraft developement
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Korea Aerospace Industries has signed a tentative deal with Indonesia to jointly develop a new South Korean fighter jet, the country’s sole aircraft-maker said Sunday, Nov. 22, 2015. Under the deal, the Indonesian government will shoulder 20 percent of the cost for the $7.4 billion project called KF-X to develop the KF-16-class warplane to replace aging F-4s and F-5s by 2025.
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 Possible preliminary design of South Korea and Indonesia future IF/KF-X fighter aircraft |
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“Korea Aerospace Industries has completed negotiations and reached an agreement with the Indonesian counterpart over the KF-X development,” KAI vice president Jang Seong-seop said during a signing ceremony held at the firm’s office in Seoul.
Selected as a preferred bidder for the project by the government in March, KAI has been negotiating with the U.S. defense firm Lockheed Martin and Indonesia’s state-run aircraft manufacturer PT Dirgantara Indonesia over technological and financial partnerships. On Oct. 30, Indonesian parliament approved a $1.46 bn budget for investment in the program in exchange for some new technologies and a prototype plane. KAI expects to kick off the project after signing a formal contract with the Defense Program Acquisition Administration by the end of this year. |
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