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THE INVESTOR
October 23, 2018
Big Reunion

Deals

Aerospace firm KAI inks deal to supply Surion helicopters to police

  • PUBLISHED :December 26, 2017 - 14:15
  • UPDATED :December 26, 2017 - 14:15
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[THE INVESTOR] Korea Aerospace Industries, South Korea‘s aircraft maker, said on Dec. 26 it has signed a deal worth 70.5 billion won (US$65 million) with the government to sell three Surion helicopters for use by the police.

Under the deal with the Public Procurement Service, the aircraft maker will provide the police with three choppers, along with other services, such as training and repairs, until February 2020, the company said in a regulatory filing.

The latest deal is equivalent to 2.4 percent of the firm’s total revenue last year, it said.

By Alex Lee and newswires (alexlee@heraldcorp.com)
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