Korea Aerospace Industries

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Korea Aerospace Industries
Type National
Industry Aerospace & Defence
Founded 1999
Headquarters Sacheon, South Korea
Key people Sung-Yong, Ha(President and CEO)
Products Civil aircraft
Military aircraft
Satellites
Revenue 1,086.6 Billion Won (2009)
Operating income 50.4 Billion Won (2009)
Net income 90.2 Billion Won (2009)
Employees 2,928 (2009)
Website http://www.koreaaero.com

Korea Aerospace Industries Ltd. (commonly referred to as KAI, Korean: 한국항공우주산업, Hanja: 韓國航空宇宙産業) is a South Korean aerospace company, originally a JV of Samsung Aerospace, Daewoo Heavy Industries (aerospace division), and Hyundai Space and Aircraft Company (HYSA), which in 1999 took over its founding members at the behest of the Korean government following their financial troubles which emerged in the 1997 financial crisis.

Projects[edit]

In 2010, KAI was studying a project for launching a 90-seat turboprop, to be announced as early as 2011.[1] In October 2012, a joint development deal between Bombardier Aerospace and a government-lead South Korean consortium was revealed, to develop a 90-seater turboprop regional airliner, targeting a 2019 launch date. The consortium would include Korea Aerospace Industries and Korean Air Lines.[2]

Products[edit]

Military
Co-development
Current projects
  • KAI KC-100 – four-seat, single piston engine general aviation aircraft[4]
Satellites
  • Korean Multipurpose Satellites No. 1, 2, 3 and 5
Future Projects

References[edit]

  1. ^ Flight International "Korea targets 90-seat turboprop market"; Brendan Sobie, 5 August 2010. Retrieved 11 October 2012
  2. ^ Wall Street Journal "South Korea Consortium in Talks With Bombardier About Developing Passenger Plane -Source"; Choi Kyong-Ae, 8 October 2012. Retrieved: 10 October 2012
  3. ^ John Pike. "KF-16 Korea Fighter Program [KFP]". Globalsecurity.org. Retrieved 2010-11-13. 
  4. ^ "Korea Develops Small Passenger Plane". Chosun Ilbo. 2011-07-21. Retrieved 2011-07-24. 

External links[edit]