State-run Korea Aerospace Industries said Wednesday it won a 460 billion won ($400 million) deal to provide aircraft parts for Airbus’ A321 by 2025.
“With a recent surge in A321 sales, demand for related parts is also soaring. We have succeeded in winning the deal due to our superior prowess and quality control,” said a KAI official.
The KAI is the nation’s sole aircraft maker that has joined hands with global companies such as Airbus and Boeing. It aims to secure orders worth 6.2 trillion won this year, of which 57 percent, or 3.5 trillion won, will come from commercial airliners.
