Hanwha Techwin bags 240 bln won deal with Korea's aircraft maker
Jun 27, 2016
Hanwha Techwin, a Korean defense manufacturer, said Monday that it has signed a parts supply deal worth 241 billion won ($204 million) with Korea Aerospace Industries Ltd., the country's sole aircraft manufacturer.The deal is designed to localize parts of the engine for Korea's next-generation fighter jets, Hanwha Techwin said in a regulatory filing.In May, Korea picked U.S. company General Electric as the preferred bidder to supply engines for the KF-X project. KAI said Hanwha Techwin is set to