Korea Aerospace Industries (KAI) and Israel Aerospace Industries (IAI) have signed a Memorandum of Understandings (MOU) for collaboration in which the companies will offer the Republic of Korea (ROK) military forces with unmanned Loitering Munitions systems. As part of the MOU, KAI and IAI are aiming to expand their long cooperation to market the loitering munitions to ROK Army requirements.
KAI’s President & CEO, Hyun-ho Ahn expressed the importance of partnership between IAI and KAI which have been lasted for last decades for many programs including defence and commercial projects. Through the combination of domestic aircraft technology and IAI’s excellent unmanned aerial system technology, IAI and KAI would provide a foothold for innovation, such as strengthening the defence power of the Republic of Korea and commercializing exports in the future. Mr. Ahn emphasized that KAI is pleased to initiate the collaboration dialogue with IAI team in earnest through these MOUs.
IAI’s President & CEO, Boaz Levy, said: “The MOU’s signed today is another milestone in our growing collaboration with KAI. IAI has long relations with the ROK and the local industries and we are happy to join KAI, one of Korea’s leading companies to explore future opportunities. Combining IAI’s proven capabilities in loitering munitions and KAI’s technologies and products to create an opportunity for an improved solution to the future battlefield”.
About Korea Aerospace Industries, Ltd. (KAI):
As a total solution provider in aerospace, has been taking leading role in national aviation industry and security with successful development of KT-1 Basic Trainer, T-50 Advanced Jet trainer, FA-50 Light Combat Aircraft, KUH-1 Utility Helicopter and RQ-101 Unmanned Aerial Vehicle. Currently KFX (Korea Fighter eXperimental) and LAH (Light Armed Helicopter)/LCH(Light Civil Helicopter) program which are the future growth engine are under development. In addition, KAI is extending its scope to space business by participating the development such as Korea Multi-Purpose Satellites, Compact Advanced Satellite 500 and defence Satellite, as well as Korea Space Launch Vehicle.
KAI and IAI teams during the MOU signing
