Korea Aerospace Industries Ltd. (047810.KS) has agreed to upgrade the performance of its FA-50 fighter jets operated by the Philippine Air Force. The performance upgrade program is valued at 93 billion won. The contract period ends in May, 2029.
As one of Korea's leading aerospace companies, KAI has been taking leading role in national aviation industry and security with successful development of KT-1 Basic Trainer, T-50 Advanced Jet trainer, FA-50 Light Combat Aircraft, KUH-1 Utility Helicopter and RQ-101 Unmanned Aerial Vehicle.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.