South Korean DAPA, KAI Sign Formal Agreement For KF-X Fighter Aircraft Program

South Korea’s Defense Acquisition Program Administration (DAPA) and Korea Aerospace Industries (KAI) have formally signed an agreement to develop KF-X fighter aircraft. According to the agreement signed today, DAPA will finance 60 per cent of the 8 trillion won (US$6.9 billion) costs required in the development phase, with KAI to pay 20 per cent, Yonhap news agency reported Monday.

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