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THE INVESTOR
March 04, 2021

Market Now

KAI cinches W72.3b deal with DAPA

  • PUBLISHED :December 27, 2018 - 16:37
  • UPDATED :December 27, 2018 - 17:03
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[DISCLOSURE] Korea Aerospace Industries (047810) announced on Dec. 27 that it has signed a 72.29 billion won (US$64.54 million) contract with Defense Acquisition Program Administration to develop and supply instrument landing system for Surion helicopters.

This amounts to 3.5 percent of its 2017 revenue and the contract is valid until Dec. 20, 2024.

By Hwang You-mee (glamazon@heraldcorp.com)

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