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Thursday, April 21, 2011
Indonesia to invest $10 million in Korea's fighter project
Indonesia has offered to pay $10 million toward a feasibility assessment of an indigenous Korean fighter jet development program, a defense official said Wednesday.
“Korea’s Agency for Defense Development signed a contract with Indonesia’s state-run weapons agency, Balitbang, on the exploratory development of the KF-X project,” said Chung Jae-yoon, spokesman of the Defense Acquisition Program Administration (DAPA).
The KF-X project refers to Korea’s multirole fighter development program that was initially announced in 2001, but then stalled for 10 years.
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