South Korea's KAI signs $700 mln aircraft deal with Philippines

Korea Aerospace Industries

04/06/2025 08:07

SEOUL, June 4 (Reuters) - South Korean defence company Korea Aerospace Industries (KAI) 047810.KS said on Wednesday it has signed a deal worth 975.3 billion won ($712.83 million) with the Philippine defence ministry to supply 12 aircraft.

KAI will export 12 of its FA-50 fighter jets by 2030, which would modernise the Southeast Asian country's military, it said in a statement.

The company previously signed a deal with Manila in 2014 and supplied another batch of 12 FA-50 jets by 2017.

South Korea, which has sold FA-50 fighter jets, corvettes, and frigates to the Philippines, aims to become the world's fourth-largest arms exporter by 2027.

($1 = 1,368.2100 won)

 (Reporting by Hyunsu Yim
Editing by Ed Davies)

 ((Hyunsu.Yim@thomsonreuters.com;))