LIG Nex1 wins EW system and missile contracts
South Korean defence contractor LIG Nex1 has been awarded two significant contracts worth a combined $1.19 billion to develop an electronic warfare system for a national aircraft programme and a prototype short-range air-to-air missile for the KF-21 fighter.
KAI secures upgrade contract for Philippine FA-50s
Korea Aerospace Industries has secured a W93 billion ($64.5 million) contract to upgrade 11 FA-50PH light attack jets operated by the Philippines air force, with work running until 2029 to enhance munitions capabilities and network integration.
South Korea commits $3.4 billion to indigenous fighter engine
South Korea has committed W3.4 trillion ($3.4 billion) to develop an indigenous fighter engine producing 24,000lb thrust with afterburners, with the programme running from 2027 to 2040 and targeting the KF-21 Block 3 variant.
Pentagon report highlights China’s sixth-generation fighter progress
The US Department of War’s latest annual assessment of Chinese military capabilities reveals significant progress in airpower development, including testing of two sixth-generation fighter aircraft and advances in airborne early warning systems.
Cathay chair Patrick Healy to retire
Cathay Pacific Group has appointed Swire Group veteran Guy Bradley as its new chairman, following the retirement of incumbent chair Patrick Healy.
Arif Habib consortium emerges as successful bidder in long-running PIA privatisation
Diverse Pakistani investment firm Arif Habib Group has emerged as the successful bidder for flag-carrier Pakistan International Airlines.
Vietjet tops out new MRO facility at Long Thanh airport
Vietjet has topped out its new MRO facility at the in-development Long Thanh international airport, located outside of Ho Chi Minh city.
Municipal government entity to take 20% of Shenzhen Airlines under equity financing plan
China’s Shenzhen Airlines is to receive an initial capital injection for a proposed equity financing, following the selection of a candidate investor identified as Shenzhen Kunhang Investment Partnership.
Philippine Airlines receives first A350-1000
Philippine Airlines has taken delivery of the first of nine Airbus A350-1000s, as it fleet expansion programme gets underway.
Hanwha Systems wins F-15 cockpit display contract from Boeing
Boeing has selected South Korea’s Hanwha Systems to provide the Eagle Large Area Display for Seoul’s F-15K fleet and the US Air Force’s F-15EX, marking the Korean manufacturer’s first export of digital avionics equipment.