ManilaBoy45
Junior Member
Re: ASEAN military news
S. Korea Exports 12 FA-50 Fighter Aircraft to the Philippines
2014/03/28 12:00 By Kim Eun-jung
SEOUL, March 28 (Yonhap) -- South Korea signed a US$420 million contract Friday to export 12 FA-50 fighter jets built by Korea Aerospace Industries (KAI) to the Philippines under a government-to-government deal, the state arms procurement agency said.The FA-50 is a light attack variant of the T-50 Golden Eagle supersonic trainer that was co-developed by KAI and U.S. defense firm Lockheed Martin. It is the most advanced variant of the T-50 family operated by the South Korean Air Force. Philippine defense chief Voltaire Gazmin, South Korea's Defense Acquisition Program Administration (DAPA) commissioner Lee Yong-geol and KAI CEO Ha Sung-yong attended the signing ceremony held at the Philippine's defense ministry.
KAI will deliver the jets in the next 38 months under the government-to-government program guaranteed by the state-run Korea Trade-Investment Promotion Agency (KOTRA), in the first such deal with the Manila government.The contract comes after South Korean President Park Geun-hye and Philippine President Benigno Aquino III in October signed a memorandum of understanding on expanding defense cooperation between the two nations.The Philippine contract is expected to boost the South Korean aircraft maker's overseas bid for T-50 family jets, following deals with Iraq in December and Indonesia in 2011.
S. Korea Exports 12 FA-50 Fighter Aircraft to the Philippines
2014/03/28 12:00 By Kim Eun-jung
SEOUL, March 28 (Yonhap) -- South Korea signed a US$420 million contract Friday to export 12 FA-50 fighter jets built by Korea Aerospace Industries (KAI) to the Philippines under a government-to-government deal, the state arms procurement agency said.The FA-50 is a light attack variant of the T-50 Golden Eagle supersonic trainer that was co-developed by KAI and U.S. defense firm Lockheed Martin. It is the most advanced variant of the T-50 family operated by the South Korean Air Force. Philippine defense chief Voltaire Gazmin, South Korea's Defense Acquisition Program Administration (DAPA) commissioner Lee Yong-geol and KAI CEO Ha Sung-yong attended the signing ceremony held at the Philippine's defense ministry.
KAI will deliver the jets in the next 38 months under the government-to-government program guaranteed by the state-run Korea Trade-Investment Promotion Agency (KOTRA), in the first such deal with the Manila government.The contract comes after South Korean President Park Geun-hye and Philippine President Benigno Aquino III in October signed a memorandum of understanding on expanding defense cooperation between the two nations.The Philippine contract is expected to boost the South Korean aircraft maker's overseas bid for T-50 family jets, following deals with Iraq in December and Indonesia in 2011.
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