Korea Aerospace Industries (KAI), Korea’s sole plane producer, mentioned Wednesday it has signed a memorandum of understanding (MOU) with a United Arab Emirates (UAE) protection firm to cooperate within the aerospace sector.
The settlement with EDGE Platforms and Programs, a unit of the UAE’s protection conglomerate EDGE Group, goals to discover enterprise alternatives in world markets by leveraging the 2 corporations’ applied sciences and experience, KAI mentioned in a press launch.
KAI and EDGE Platforms and Programs plan to pursue expertise cooperation, joint analysis and manufacturing, and expanded exports of protection merchandise to Center Jap markets, the corporate mentioned.
Areas of potential collaboration embrace fixed-wing and rotary-wing plane, unmanned aerial automobiles, and upkeep, restore and overhaul providers, it added.
“This partnership supplies each events with an essential alternative to mix their aerospace capabilities and create new progress drivers,” KAI Senior Govt Vice President Cha Jae-byoung mentioned within the launch.
