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Posted : 2014-10-06 17:11
Updated : 2014-10-06 19:34
S. Korea, Indonesia signs fighter-jet deal
By Jun Ji-hye
South Korea signed an agreement with Indonesia, Monday, for joint development of Seoul's indigenous fighter jet, the KF-X, according to the Defense Acquisition Program Administration (DAPA).
A signing ceremony between the DAPA and the Indonesian Defense Ministry took place in Surabaja, Indonesia.
The accord, represents the largest-ever defense program for Seoul and was first envisioned in 2001 and pushed for in earnest in 2010.
It was a follow up to a memorandum of understanding signed by the two countries in 2010, and "specified details about basic principles about how to lead the project, including cost-sharing and work responsibilities," the DAPA said.
The DAPA finalized the plan on the KF-X project on Sept. 24 to develop and produce the home-built fighter jets to replace the aging F-4 and F-5 jets.
The government plans to spend 8.5 trillion won ($7.95 billion) to develop indigenous F-16 class fighter jets, which are scheduled for service from 2025.
Indonesia has joined Seoul's expensive project by vowing to meet 20 percent of the total budget required for the development.
In accordance with the agreement, the joint project will be led by two companies, one from each country. The DAPA said it will set up the "Joint Program Management Office," which brings together government officials from both nations, to effectively manage the project.
"Today's agreement paved the way for the two nations to boost co-operation in a wide range of fields from designing the warplane and developing its prototype to testing and evaluating it," the DAPA said. "It will help both nations reduce their financial burdens while promoting their aviation industries."
The two countries have given shape to the joint development plan through the joint exploratory activities conducted from June 2011 to December 2012.
The DAPA plans to select the preferred bidder in November and sign a contract on the system development the following month. Korea Aerospace Industries, the nation's sole fighter jet maker, is likely to be chosen as its developer.
Updated : 2014-10-06 19:34
S. Korea, Indonesia signs fighter-jet deal
By Jun Ji-hye
South Korea signed an agreement with Indonesia, Monday, for joint development of Seoul's indigenous fighter jet, the KF-X, according to the Defense Acquisition Program Administration (DAPA).
A signing ceremony between the DAPA and the Indonesian Defense Ministry took place in Surabaja, Indonesia.
The accord, represents the largest-ever defense program for Seoul and was first envisioned in 2001 and pushed for in earnest in 2010.
It was a follow up to a memorandum of understanding signed by the two countries in 2010, and "specified details about basic principles about how to lead the project, including cost-sharing and work responsibilities," the DAPA said.
The DAPA finalized the plan on the KF-X project on Sept. 24 to develop and produce the home-built fighter jets to replace the aging F-4 and F-5 jets.
The government plans to spend 8.5 trillion won ($7.95 billion) to develop indigenous F-16 class fighter jets, which are scheduled for service from 2025.
Indonesia has joined Seoul's expensive project by vowing to meet 20 percent of the total budget required for the development.
In accordance with the agreement, the joint project will be led by two companies, one from each country. The DAPA said it will set up the "Joint Program Management Office," which brings together government officials from both nations, to effectively manage the project.
"Today's agreement paved the way for the two nations to boost co-operation in a wide range of fields from designing the warplane and developing its prototype to testing and evaluating it," the DAPA said. "It will help both nations reduce their financial burdens while promoting their aviation industries."
The two countries have given shape to the joint development plan through the joint exploratory activities conducted from June 2011 to December 2012.
The DAPA plans to select the preferred bidder in November and sign a contract on the system development the following month. Korea Aerospace Industries, the nation's sole fighter jet maker, is likely to be chosen as its developer.
source
Oct 7 2014, 10:41 AM
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