EADS of­fers in­vest­ments to de­velop Korean in­dige­nous fighter pro­gramme

SP's MAI - - AEROSPACE -

By of­fer­ing an in­vest­ment of $2 bil­lion and joint de­vel­op­ment if South Korea picks the Eurofighter Typhoon, seen here in Span­ish colours, EADS says it ex­pected “to cause a shock wave in Korea.”

Fol­low­ing Eurofighter's prom­ise to as­sem­ble 53 Eurofight­ers in Korea if the air­craft is se­lected as Korea's next gen­er­a­tion fighter, global aero­space com­pany EADS said that it will “in­vest $2 bil­lion and its tech­nol­ogy in the KF-X to help Korea to be­come a fighter jet pro­ducer.”

If Eurofighter pro­duces 53 out of 60 fighter jets in Korea and EADS in­vests $2 bil­lion in the KF-X pro­gramme, the in­dus­trial and eco­nomic im­pacts is ex­pected to be monumental. The Eurofighter pro­gramme se­cures more than 1,00,000 jobs in 400 com­pa­nies in Europe.

If the assem­bly of Eurofighter and the KF-X pro­gramme are con­ducted at the same time, it will bring eco­nomic ef­fect worth dozens of tril­lions of KRW and cre­ate 50,000 jobs in Korea. The de­vel­op­ment of the Korean Util­ity He­li­copter, SU­RION, by KAI which se­cured tech­nol­ogy from Euro­copter is a re­cent suc­cess­ful case of col­lab­o­ra­tion be­tween Korea and EADS. The SU­RION raised Korea to the 11th he­li­copter man­u­fac­turer in the world. The SU­RION brought tech­ni­cal ef­fect worth about 14 tril­lion KRW and cre­ated more than 25,000 jobs in Korea.

In ad­di­tion, Air­bus, one of EADS sub­sidiaries, has cho­sen KAI as the sup­plier of main parts of Air­bus air­craft from 1998.

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