[ad_1]
10 July 2023
by Akhil Kadidal
The fifth prototype of the KAI KF-21 will be delivered to Indonesia after 2026 if Jakarta fulfils its required financial commitment to the programme. (DAPA)
Indonesia is “committed” to the joint development of the KF-21/IFX fighter development programme despite missing a deadline to provide South Korea with a payment timetable for the project, according to an industry source.
On 3 July the South Korean Defense Acquisition Program Administration (DAPA) announced that Indonesia was yet to provide the new plan for payment. The agency added that it seeks to hold talks with Indonesia about the matter. The Korea Aerospace Industries (KAI) KF-21 engineering and manufacturing development (EMD) phase has a value of KRW8.1 trillion (USD6.2 billion), according to Janes data. Indonesia has agreed to pay 20% of developmental costs or approximately KRW1.6 trillion (USD1.2 billion).
A state-owned aircraft manufacturer PT Dirgantara Indonesia (PTDI) source told Janes that “Indonesia [is] still commit[ted] to continue the joint development of the … programme”.
Get the full article by
subscribing to Janes
Already a Janes subscriber?
Keep reading
[ad_2]
Source link