Korea Aerospace Industries (KAI) and Indonesian Aerospace have signed an agreement for the joint development of the
The deal was signed between the leadership of the two companies at
The agreement sets the stage for
The South Korean government will foot 60% of the programme. KAI and its partners will cover the final 20%.
Indonesia Aerospace, also known as PTDI, will send 100 staff to KAI’s Sachon factory to aide in the design of the new fighter, which is foreseen as being more advanced than the Lockheed Martin F-16, but not up to the standard as the F-35.
In late December 2015, KAI had formalised an agreement with the South Korean government to develop the jet. It is aiming for a first flight by 2022 and the completion of development by 2026. It expects the programme to create some 300,000 jobs.
In September 2015, the programme hit a roadblock when it emerged that the