Korea Aerospace wins $1 billion order for fighter jets

SEOUL (Reuters) – Korea Aerospace Industries Ltd (KAI) has won a 1.12 trillion won ($1.02 billion) order to supply an unnamed number of FA-50 fighter jets to South Korea's military through the Defense Acquisition Program Administration (DAPA). The South Korean aircraft maker said in a regulatory filing on Tuesday that the contract is based on an initial mass-production agreement reached in …

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