Korea Aerospace Industries Signs 1.1 Trillion KRW Contract with Defense Acquisition Program Administration for Surion Helicopter
[Asia Economy Reporter Park Jun-yi] Korea Aerospace Industries announced on the 28th that it has signed two contracts worth a total of 1,169,159,000,000 KRW with the Defense Acquisition Program Administration related to the Korean utility helicopter Surion (KUH-1).
The contracts include a 4th batch mass production and delivery contract worth 1,057,020,000,000 KRW and a performance-based logistics (PBL) spare parts procurement and maintenance project contract worth 112,139,000,000 KRW.
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The contract amounts represent 34% and 3.6% respectively of last year's sales revenue. The two contracts will expire on December 31, 2024, and December 22, 2025, respectively.
This content was produced with the assistance of AI translation services.
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