KAI to Develop Single-Seat FA-50, Autonomous Aircraft

Published on March 15, 2024

Korea Aerospace Industries (KAI) will develop an autonomous aerial vehicle and a single-seat version of the FA-50 fighter jet to enhance its market share.

The projects will cost a total of 90.9 billion Korean won ($68.8 million): 55.3 billion won ($42 million) for the autonomous jet and 35.6 billion won ($27 million) for the FA-50, The Korea Economic Daily said.

“We have paved the way for future businesses with the key sector’s successes such as record sales last year,” the outlet quoted KAI CEO Kang Goo-young as saying.

“We aim to increase investments in future businesses to dominate the future aerospace industry.”

KAI announced record sales of 3.8 trillion won ($2.89 billion) last year, an annual increase of 37 percent, thanks largely to the export of FA-50 to Poland.

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