Latest news with #KAI
Korea Herald
6 days ago
- Business
- Korea Herald
KAI secures second W2.4tr KF-21 deal with Korea's defense agency
Korea Aerospace Industries has signed an additional KF-21 supply agreement worth 2.39 trillion won ($1.76 billion), selling 20 more of South Korea's next-generation fighter jets. According to the Defense Acquisition Program Administration on Friday, KAI is poised to deliver 20 KF-21 Boramae jets in addition to the first contract for the initial production of 20 units signed in June last year. This deal also includes providing technical manuals, education and follow-up logistical support for the jets. The KF-21 is Korea's first domestically developed 4.5-generation fighter jet, which will be introduced to the Air Force starting in the second half of 2026. Historically, the country has relied on foreign military technology — predominantly from the US. The jet is set to replace older aircraft, including the F-5, F-4 Phantom II, KF-16 and F-15K, and bolster Korea's air power. Powered by two General Electric F414 engines, the jet can reach up to Mach 1.8 —approximately 2,200 kilometers per hour — and support a wide range of weapons such as air-to-air missiles, precision-guided bombs and a cannon. DAPA recently announced that it carried out a successful flight test of a domestically developed long-range air-to-surface guided missile, set to be integrated into the KF-21, highlighting the jet's deep-strike capabilities. The KF-21 also shows potential for exports to Indonesia, the UAE and other countries. Notably, Indonesia is a partner in the KF-21 fighter jet program and recently finalized a deal with Korea to fund 600 billion won as a contribution. 'The KF-21 symbolizes the remarkable growth of Korea's formerly nascent aerospace industry,' stated a KAI official. 'We are committed to enhancing our Air Force's capabilities and contributing to advancing the aerospace industry.' Meanwhile, DAPA signed an additional 623.2 billion won engine supply agreement with Hanwha Aerospace, a subsidiary of Hanwha Group, raising the total contract value to 1.18 trillion won. Its sister company, Hanwha Systems, also finalized a deal valued at 124.8 billion won for the remaining supply of AESA radars.
India.com
25-06-2025
- Business
- India.com
After China and US, another country announces sixth-generation fighter jet plans including KF-21 Boramae and FA-50, share a close relation with India, the country is…
Bad news for India, China, Russia as US decides to...., Will Modi-Putin-Xi Jinping join hands against Trump? After China and the United States, now South Korea has also announced plans to join the race to build sixth-generation fighter jets. According to a top aerospace official, South Korea is getting ready to develop its own advanced warplane. At the Paris Air Show, Shin Dong-hak, who is Vice President of International Business at Korea Aerospace Industries (KAI), said that the technology they are working on like the 4.5-generation fighter jets and drones will eventually help them move toward building a sixth-generation fighter. China's Progress China has already started testing its sixth-generation jet, which is being called the J-36. Recently, videos on social media showed the prototype in action. Reports say the J-36 is around 22 meters long with a wingspan of about 20 meters. It is powered by three WS-10C engines. America's Fighter Jet Meanwhile, US President Donald Trump confirmed that the US is moving ahead with its own sixth-generation jet program by giving Boeing the contract to build it. This new jet is named the F-47. Trump called it 'the deadliest aircraft ever' and said that a test version had already been secretly flying for several years. The F-47 will be built at Boeing's manufacturing plant. South Korea's KF-21 Boramae and FA-50 At the Paris Air Show held last week, South Korea's Korea Aerospace Industries (KAI) showcased its latest fighter jets. This included the KF-21 Boramae, a 4.5-generation jet developed entirely in South Korea, and the FA-50, a lightweight combat aircraft. Along with these jets, KAI also presented several unmanned aerial vehicles (UAVs). Experts believe that these fighter jets will soon be able to fly in coordination with drones. The KF-21 is expected to officially join the South Korean Air Force by the end of next year. South Korea to test multi-role combat UAV Speaking at the air show, KAI Vice President Shin Dong-hak explained, 'We are showcasing products that lay the groundwork for sixth-generation fighter capabilities.' He highlighted that UAVs are a big part of this future, and development is being steered in that direction. Shin also mentioned that the KF-21 has an edge over others in its class due to its stealth features and advanced AI co-pilot software. It can control multi-role combat UAVs during missions. KAI is planning to carry out flight tests for its new multi-role combat UAV during the Seoul International Aerospace and Defense Exhibition later this year. India and South Korea: Trusted Partners India and South Korea share a strong and friendly relationship. The two countries have been working closely in various fields, including defense. Their official diplomatic ties began in 1962 and were upgraded to ambassador-level in 1973. Over the years, the partnership between India and South Korea has grown in many areas i.e. economic, cultural, political, and military. In 2010, both countries signed the Comprehensive Economic Partnership Agreement (CEPA) to boost trade and investment. Later in 2015, they took the relationship a step further by declaring it a 'Special Strategic Partnership.' In the defense sector, India has also bought the K9 Vajra howitzers from South Korea.
Miami Herald
21-06-2025
- Entertainment
- Miami Herald
Konpa star delivers energy, encouragement at ‘Sounds of Little Haiti.' Take a look
A month after igniting the crowd at Miami's Compas Festival, Haitian konpa star Richard Cave and his band KAI delivered another electrifying performance on Friday, June 20, at 'Sounds of Little Haiti.' The Purforce Group monthly celebration of Haitian culture, held every third Friday at Miami's Little Haiti Cultural Complex, drew scores of enthusiastic fans who danced and waved along to Cave's high-voltage performance, which featured popular hits, heartfelt tributes to Haiti and messages of affirmation for the local community increasingly feeling torn between violence in their homeland and immigration crackdowns in the United States. Despite the turnout, the crowd was notably smaller than usual. Some people there said it was due to the community's growing fears of Immigration and Customs Enforcement raids and deportations, which have led to many to shy away from attending public events. Here are some of the scenes from the evening:
Yahoo
19-06-2025
- Business
- Yahoo
Why Lockheed Martin Stock Zoomed Higher Today
The defense sector mainstay signed a new agreement with a business partner in Asia. It's hardly the first, as the two businesses have been collaborating for over 30 years. 10 stocks we like better than Lockheed Martin › News of a strengthened business tie-up with an important partner overseas gave some lift to Lockheed Martin (NYSE: LMT) stock on Tuesday. The defense company went on the offense, with its shares climbing to a nearly 3% gain on the day. That looked particularly good next to the S&P 500 index, which sank by more than 0.8% that trading session. Lockheed announced that it and Korea Aerospace Industries (KAI) have signed a memorandum of understanding (MOU) to expand their existing aircraft development partnership. The MOU covers the manufacturing of rotorcraft and the development of space systems and uncrewed aerial vehicles (UAVs), among other projects. The agreement marks the latest move in what's been a 30-plus-year collaboration between Lockheed and KAI. The two companies originally partnered on the licensed production of the F16 fighter aircraft. In its press release touting the news, Lockheed quoted its chief operating officer, Frank St. John, as saying that the new pact "reflects our commitment to advancing global security by partnering with U.S. allies to develop, manufacture and sustain 21st century deterrence solutions." The company did not provide any financial details about its arrangement with KAI. A typical MOU has less heft and power as a contract; however, this one is meaningful because it spells out how Lockheed and KAI will expand their already close collaboration. With global tensions rising, now is an ideal time for defense companies to strengthen alliances. That goes double for the Korea Aerospace Industries, which has been frozen in an edgy, North-South standoff for over seven decades. Before you buy stock in Lockheed Martin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Lockheed Martin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $660,821!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $886,880!* Now, it's worth noting Stock Advisor's total average return is 791% — a market-crushing outperformance compared to 174% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool recommends Lockheed Martin. The Motley Fool has a disclosure policy. Why Lockheed Martin Stock Zoomed Higher Today was originally published by The Motley Fool
Korea Herald
18-06-2025
- Business
- Korea Herald
KAI , Lockheed Martin broaden defense partnership
Korean Aerospace Industries, the nation's sole aircraft maker, said Wednesday that it signed a memorandum of understanding with US-based defense company Lockheed Martin to expand their strategic partnership. The signing ceremony was held at the Paris Air Show 2025 in Le Bourget, France, on Tuesday. Both parties emphasized the importance of adapting to shifts in the global defense and aerospace industries and reaffirmed their commitment to sustainable collaboration. Following the memorandum, KAI intends to intensify joint marketing with Lockheed Martin to enter the US market through the US Navy's Undergraduate Jet Training System program. It also aims to explore new areas such as rotary-wing aircraft, crewed-uncrewed teaming systems, UAVs, AI-based autonomous technologies, space, training systems, and maintenance, repair, and overhaul. The two companies have collaborated for more than 30 years, beginning with licensed production of the F-16 in the 1990s. Their partnership led to the co-development of the T-50 supersonic trainer and subsequent upgrades for both the T-50 and FA-50 aircraft to meet evolving global requirements. 'This expanded cooperation with Lockheed Martin will further strengthen our engagement in trainer and fighter markets with the US and allied nations,' said KAI CEO Kang Goo-young. 'We expect this partnership to lead to sustainable capabilities in the aerospace industry.' Lockheed Martin COO Frank A. St. John described the agreement as a reflection of both companies' commitment to global security and technological collaboration to drive economic growth.
