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02 April 2024
by Akhil Kadidal
South Korea seeks to acquire the KAI KF-21 (pictured) to replace its ageing Boeing (McDonnell Douglas) F-4 Phantom and Northrop F-5 Tiger fleet. (KAI)
A South Korean announcement of an estimated KRW7.92 trillion (USD5.85 billion) production plan for the Korea Aerospace Industries (KAI) KF-21 Boramae covers 40 aircraft, weapons, and associated costs, the Defense Acquisition Program Administration (DAPA) said.
A DAPA spokesperson told
Janes
on 2 April that the estimated budget “is for the planning” of the KF-21 production programme. According to the spokesperson, the production plan “includes” 40 KF-21s, integrated product support (IPS), facilities, air-launched munitions for the KF-21 (including bombs and missiles), plus non-recurring costs and other costs.
The spokesperson said the agency could not disclose “the cost of establishing the production line”. The approximately KRW7.92 trillion will be invested by 2028, the agency said. The new estimated budget follows the South Korean National Assembly’s approval of KRW238.6 billion (USD176.5 million) in December 2023 to produce an initial and unspecified number of KF-21 Block I aircraft in 2024.
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