KAI signs $700 million deal to supply 12 additional FA-50 jets to Philippines

Korea Aerospace Industries has signed a 700-million-dollar deal to provide an additional 12 fighter jets to the Philippines.

According to the KAI, it struck a deal on Tuesday to provide the country with 12 more FA-50s through 2030.

The country previously purchased 12 FA-50 jets in March 2014, and the customized version is currently considered a core asset of the Philippines Air Force.

The latest FA-50 exports mark the first such deal in about two years, since a contract signed in May 2023 to supply 18 planes to Malaysia.