KAI Wins $1B Iraq T-50 Fighter Aircraft Sale

KAI_T-50_Golden_Eagle_RyabtsevKorean Aerospace Industries has received a $1.1 billion order from the Iraqi government for 24 T-50 multirole aircraft, the Wall Street Journal reported Thursday.

Jeyup Kwaak writes KAI will build Iraq a fighter variant of the Golden Eagle aircraft under the contract, which represents South Korea’s largest arms-export sale to date.

KAI’s contract includes an option for pilot training and other support services to Iraqi air force over a 20-year period and would increase the contract’s value to $2 billion, the newspaper reports.

The article notes that KAI produces T-50 fighter and trainer jets in partnership with Lockheed Martin (NYSE: LMT).

You may also be interested in...


DISA Seeks Potential FAMIS-WCF Financial System Sustainment, Enhancement Support Sources

The Defense Information Systems Agency has started to seek information on potential vendors that could help enhance and provide sustainment support for DISA’s Financial Accounting Management Information System for the Working Capital Funds platform.

Potomac Officers Club Hosts PNT Superiority on the Future Battlefield

Potomac Officers Club’s Ensuring PNT Superiority on the Future Battlefield Hosted Expert Panel to Discuss Defense Resilience and Capabilities

During Potomac Officers Club’s Ensuring PNT Superiority on the Future Battlefield Virtual Event, an expert panel, comprised of notable leaders across the defense sector, took the stage to discuss how military PNT capabilities have become vital to the nation’s ability to shape the global environment, deter aggression, and fight and win wars, now and in the future.