Hello, Guest!
  • Saturday, April 20, 2024

South Korea Selects Airbus Tanker Jet for Military Aircraft Refueling


airbus logoSouth Korea has ordered four aerial refueling tanker jets from Europe-based aircraft manufacturer Airbus, adding to the company’s portfolio of international customers, the Wall Street Journal reported Tuesday.

Jeyup Kwaak and Robert Wall write that other buyers of Airbus’ A330 MRTT or multirole tanker transport include Australia, Saudi Arabia, Singapore, the U.K. and the United Arab Emirates.

“This contract will also allow Airbus Defense and Space to establish a long-term and sustainable cooperation with the Korean industry, ” a spokesperson for the company said.

According to the report, delivery of the A330 MRTT will begin in 2019.

Kwaak and Wall report that France, India and a consortium of European military forces are also future potential Airbus customers for the refueling tanker, which is a converted Airbus A330 passenger plane.

The report said European plane makers such as Airbus could have an advantage in international sales over U.S. counterparts such as Boeing (NYSE: BA), which builds the KC-46A Pegasus tanker, due to the current performance of the euro.

Video of the Day

Related Articles

GovCon Index Posted 2 Consecutive Week-on-Week Loss for the 1st Time in 2024 Financial Reports

GovCon Index Posted 2 Consecutive Week-on-Week Loss for the 1st Time in 2024

Executive Mosaic’s GovCon Index ended the week with a 2.36% loss following the 0.8% drop Friday to $4,780.55. The index, which tracks the stock performances of 30 major government contractors, has fallen 3.04% since the start of April. Wall Street saw a broad market selloff due to the escalating conflict between Iran and Israel. All the major

Boeing Secures $112M Navy Order for F/A-18E/F Block III, E/A-18G Aircraft Equipment Contract Awards

Boeing Secures $112M Navy Order for F/A-18E/F Block III, E/A-18G Aircraft Equipment

Boeing (NYSE: BA) has booked a $111.9 million undefinitized firm-fixed-price order from the U.S. Navy to manufacture and deliver avionics long lead time parts and spares in support of the F/A-18E/F Block III and E/A-18G aircraft. The Department of Defense said Thursday the award, which was made against a previously issued basic ordering agreement, supports

GovCon Index, Major US Indexes Ended With Losses on Weak April Start Financial Reports

GovCon Index, Major US Indexes Ended With Losses on Weak April Start

Executive Mosaic’s GovCon Index rose 0.46% to $4,896.02 Friday as 22 of its constituents advanced. However, the index, which tracks the stock performances of 30 major government contractors, still ended 1.35% lower week-on-week due to the weak start in April. Wall Street’s major indexes closed the week with losses despite bouncing back from their slump.