Thu, Oct 18, 2007
KAI To Have Majority Stake In Partnership
Korea Aerospace Industries (KAI) and Eurocopter firmed up a
prior industrial cooperation agreement this week at the Seoul Air
Show, through the signature of a Memorandum of Understanding (MOU)
on Thursday.
The signing ceremony was graced by the presence of the CEOs from
both entities, Mr. Chung Hae Joo of KAI and Dr. Lutz Bertling from
Eurocopter. The objective of the MOU is to create a Joint Venture
(JV) Company for the worldwide promotion of the Korean Utility
Helicopter (KUH), an 8 metric-ton class military/utility transport
helicopter.
The JV will be in operation by 2010. With a shareholding
structure of 51% for KAI and 49 % ownership for Eurocopter, the
newly-established company will be responsible for the sale and
marketing of the KUH on the export market, which is estimated to
reach an order of 300 helicopters.
This signature strengthens the 2006 launch of the KUH program in
Korea. Eurocopter notes the JV contract is the largest ever signed
with a European company.
The Republic of Korea has a plan to buy from KAI, which is prime
contractor for this program, around 250 KUH. Eurocopter is slated
to provide technical assistance for the development of the
helicopter as well as certain sub-assemblies. About 40 Eurocopter
engineers are housed at Sacheon to render their ultimate technical
assistance to KAI.
The Korean Helicopter Program (KHP) is to develop a military
utility/transport helicopter (KUH, Korean Utility Helicopter) in
the eight-metric-ton class. The KUH is to replace Bell UH-1Hs and
McDonnell Douglas 500MDs in the South Korean Army fleet. First
deployment is scheduled in 2012.
More News
Chaff Thin, narrow metallic reflectors of various lengths and frequency responses, used to reflect radar energy. These reflectors, when dropped from aircraft and allowed to drift d>[...]
“Today, XB-1 took flight in the same hallowed airspace where the Bell X-1 first broke the sound barrier in 1947. I’ve been looking forward to this flight since founding>[...]
“Teaming up with the EAA and Berlin Express for this event in Cincinnati will give warbird fans a unique opportunity to see the aircraft that helped defend freedom and gave t>[...]
Hazardous Weather Information Summary of significant meteorological information (SIGMET/WS), convective significant meteorological information (convective SIGMET/WST), urgent pilot>[...]
Aero Linx: The Nebraska Aeronautics Commission The Nebraska Aeronautics Commission was created by the 1935 Legislature to oversee the development of aviation in the state. The Comm>[...]