Economic

S.Korea’s KAI sells fighter jets worth $1.1 billion to Iraq

“South Korean defense contractor Korea Aerospace Industries Ltd (KAI) has signed a deal with Iraq to export 24 light fighter jets valued at $1.1 billion, the company said on Thursday. The deal to supply FA-50 aircraft also includes training for Iraqi pilots and other support for the Iraqi Air Force for the next two decades, which could push the total value of the deal to $2 billion, the contractor said in a statement.”

Source: S.Korea’s KAI sells fighter jets worth $1.1 billion to Iraq | Reuters

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