Korea Aerospace Industries Ltd. is a South Korean aerospace company, originally a joint venture of Samsung Aerospace, Daewoo Heavy Industries (aerospace division), and Hyundai Space and Aircraft Company (HYSA), which in 1999 took over its founding members at the behest of the Korean government following their financial troubles which emerged in the 1997 financial crisis. The headquarter and its major plants are located at Sacheon city.
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Korea Aerospace Industries (047810.KS) has signed a contract with Iraq to export 24 light fighter jets valued at $1.1 billion, the South Korean company said on Thursday. The deal to supply T-50 aircrafts also include providing training for Iraqi pilots and other support for the Iraqi Air Force...