KAI won a contract to export 12 FA-50s to the Philippines, worthy of $420 million - Shows the competitiveness of the FA-50 aircraft in global market and succeeds in the niche market with its high-performance and low-cost.
Korea Aerospace Industries, Ltd.(KAI) won a contract to export 12 FA-50s to the Philippines for Philippine Air Force's multi-purpose fighter purchase project in a government-to-government way on March 28th.
This contract including training is valued at $420 million and the company will completely deliver 12 aircraft within 38 months after the deal goes into effect.
The variant of T-50 family has received 52 orders from the Air Forces of Iraq(24) in 2013, Indonesia(16) in 2011 and the Philippines(12) in 2014.
T-50 variant aircraft developed in partnership with Lockheed Martin and in operation in the Republic of Korea Air Force.
The FA-50 measures 13.13m in length, 9.45m in width and 4.85m in height and is able to fly with a max speed of Mach 1.5 with up to 4,500kg armed weapons loaded in it.
FA-50 light attack aircraft, in particular earned KAI recognition for its high-performance and low-cost fighter.
KAI is eyeing to further exporting the T-50 variant aircraft to the U.S.A., Botswana, the U.A.E., Thailand and Peru.