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Thursday, December 12, 2013

Korea exports 24 attack jets to Iraq

FA-50 Golden EagleKorea Aerospace Industries (KAI) signed a $1.1 billion (1.1 trillion won) contract to sell 24 FA-50 light attack aircraft to Iraq, Thursday, the most lucrative defense export deal by local players.

In Baghdad, KAI CEO Ha Sung-yong and Iraqi Prime Minster Nouri al-Maliki signed the deal.

The Korean defense contractor is set to deliver the jets between October 2015 and October 2016.

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