KAI and IAI Sign Agreement on Loitering Munitions Systems
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Korea Aerospace Industries (KAI) and Israel Aerospace Industries (IAI) have signed a Memorandum of Understandings (MOU) for collaboration in which the companies will offer the Republic of Korea military forces with unmanned Loitering Munitions systems.
As part of the MOU, KAI and IAI are aiming to expand their long cooperation to market the loitering munitions to Korean Army requirements, according to IAI announcement.
IAI’s President & CEO, Boaz Levy said: “The MOU signed today is another milestone in our growing collaboration with KAI. IAI has long relations with the Republic of Korea and the local industries and we are happy to join KAI, one of Korea’s leading companies to explore future opportunities. Combining IAI’s proven capabilities in loitering munitions and KAI’s technologies and products creates an opportunity for an improved solution to the future battlefield”.
KAI’s President & CEO, Hyun-ho Ahn said that “through the combination of domestic aircraft technology and IAI’s excellent unmanned aerial system technology, IAI and KAI would provide a foothold for innovation, such as strengthening the defense power of the Republic of Korea and commercializing exports in the future.”