Korean defense firms join forces to boost KF-21 fighter jet exports

SEOUL, October 21 (AJP) - Korea Aerospace Industries (KAI) said Tuesday it had signed a memorandum of understanding with Hanwha Aerospace, Hanwha Systems, and LIG Nex1 to strengthen the export competitiveness of the KF-21 fighter jet, the country’s 4.5-generation aircraft.

Under the agreement, the companies will cooperate to reduce production costs, stabilize supply chains, and jointly market the aircraft overseas. The collaboration also includes sharing technology and market intelligence to reinforce trust and coordination across the defense sector.

The KF-21, developed as a cornerstone of South Korea’s ambitions to become a major defense exporter, is viewed as a major milestone in the nation’s aerospace industry. Its success in securing overseas buyers is seen as critical to sustaining the program and boosting the country’s standing in the global arms market, KAI said.

Hanwha Aerospace specializes in aircraft engines and power systems, Hanwha Systems develops avionics and radar technologies, and LIG Nex1 produces guided weapons and electronic systems.

KAI, which leads the KF-21 program, said the partnership will help “maximize global competitiveness and create export synergy.”

“The KF-21 will benefit from strengthened networks with major domestic defense companies, paving the way for securing initial export customers and expanding overseas,” a KAI spokesperson said. “This collaboration is expected to enhance the competitiveness of South Korea’s aerospace defense industry and set a new benchmark for supply chain innovation.”

The collaboration marks the latest in a series of government- and industry-led efforts to position the KF-21 as a viable alternative to Western-made jets, particularly in markets seeking advanced but cost-effective fighter options.

* This article, published by Aju Business Daily, was translated by AI and edited by AJP.

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