EADS announced today that it is investing $2 billion and its technology in the KF-X aircraft to help Korea to become a fighter jet producer, following the promise of Eurofighter producing 53 out of 60 fighter jets in Korea.
The development of the Korean Utility Helicopter, SURION, by KAI which secured technology from Eurocopter is a recent successful case of collaboration between Korea and EADS and brought technical effect worth about 14 trillion KRW.
With the Eurocopter chosen to provide next generation fighter jet and EADS investing more than 2 trillion KRW in the KF-X program, will create a major economic effect than the SURION in Korea and can bring stronger political and military ties with Europe.
In addition, Airbus, one of EADS subsidiaries, has chosen KAI as the supplier of main parts of Airbus aircraft from 1998.
EADS’s suggestion of investment of $2 billion in the KF-X and joint development is expected to cause a shock wave in Korea which has only purchased complete products (fighter jets), depending on the ROK-U.S. alliance.
South Korea and Indonesia may sign an industrial engagement agreement for the joint development of Korean next generation fighter aircraft later this month. Earlier this week, South Korean government decided to develop some of its own KF-X fighters with some help from outside after the US denied did not allow exports of four major technologies promised for the South Korean project in a decision made in April
South Korean Defense Acquisition Program Administration (DAPA) has delayed its $8 billion KF-X program, Korea Times reported Tuesday. “The KF-X program has been delayed as only one competitor has submitted a bid,” an unnamed official from DAPA was quoted as saying by the newspaper
EADS is expected to make further announcements regarding the name change and restructuring in mid-December, according to a senior executive told Defenseworld.net
South Korea will purchase 40 Lockheed Martin's F-35A stealth fighters from 2018, with an option to buy 20 more later, the Joint Chiefs of Staff (JCS) was quoted as saying by Yonhap News. JCS Chairman Choi Yun-hee held a meeting of top commanders to approve the plan to buy the 40 F-35 Block 3s, which are capable of conducting air-to-air and air-to-ground missions with internal carriage and external stations for missiles and bombs
The Defense Acquisition Program Administration (DAPA) will recommend the Boeing F-15SE fighter as the only candidate for the F-X next-generation fighter procurement project. DAPA told Korean President Park Geun-hye it will submit the recommendation to the Defense Project Promotion Committee soon, according to Chosun Ilbo
EADS has questioned the South Koreas Defense Acquisition Program Administration (DAPA)s decision to eliminate it over procedural issues from the $7.5 billion FX fighter competition
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