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Sunday, August 25, 2013

South Korea targets growing global defense market

T-50 Golden EagleAside from supplying its own air force, Seoul is reportedly in negotiations to sell its first home-built light fighter to Manila, with an eye to expanding to Europe and the Americas.

South Korea, renowned for making high-tech consumer devices, cars and ships, now has its sights on exporting fighter jets amid a projected sharp increase in demand for military weapons in Asia over the next decade.

Korea Aerospace Industries Ltd (KAI) on Tuesday rolled out the nation’s first home-built light fighter — the FA-50 — from its assembly plant in the southern city of Sacheon.

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