Airbus GroupNV and Korea Aerospace Industries Ltd. signed a contract to produce military and civil helicopters in South Korea, with the agreement potentially valued at $10 billion over a decade. Korea Aerospace and the European aircraft maker intend to jointly build at least 300 helicopters, a spokeswoman for the South Korean company said.

1. Airbus, South Korea Aerospace sign $10
billion helicopter deal
SEOUL: Airbus GroupNV and Korea Aerospace Industries Ltd. signed a contract to produce
military and civil helicopters in South Korea, with the agreement potentially valued at $10
billion over a decade.
Korea Aerospace and the European aircraft maker intend to jointly build at least 300 helicopters,
a spokeswoman for the South Korean company said.
The deal’s potential value of $10 billion over 10 years will be shared equally between Korea
Aerospace, which will serve as the prime contractor, and Airbus Helicopters, a unit of the
European group, according to a person familiar with the matter.
Poland is due to select a supplier for 70 troop-transport helicopters soon, and Mr. Faury said
talks continue with Qatar to complete terms for the purchase of 22 NH90 choppers. Japan also
intends to buy a new utility helicopter.
Source: http://bestmadeinkorea.com/blog/airbus-south-korea-aerospace-sign-10-billion-
helicopter-deal/news/