Israel Aerospace Industries said on Wednesday that it signed a memorandum of understanding with Korea Aerospace Industries for collaboration in which the companies will offer the Republic of Korea military forces unmanned loitering munitions systems.
The company said in a statement that as part of the MOU, KAI and IAI are aiming to expand their long cooperation to market the loitering munitions to ROK Army requirements.
After the signing, IAI president and CEO Boaz Levy said that “the MOU signed today is another milestone in our growing collaboration with KAI.
“IAI has long relations with the ROK and the local industries, and we are happy to join KAI, one of Korea’s leading companies, to explore future opportunities, combining IAI’s proven capabilities in loitering munitions and KAI’s technologies and products to create an opportunity for an improved solution to the future battlefield,” he said.
KAI’s president and CEO, Hyun-ho Ahn, spoke of the importance of the partnership between IAI and KAI, which has continued for the recent decades for many programs, including defense and commercial projects.
He added that through the combination of domestic aircraft technology and IAI’s excellent unmanned aerial system technology, IAI and KAI would provide a foothold for innovation, such as strengthening the defense power of the ROK and commercializing exports in the future.
Ahn emphasized that KAI is pleased to initiate the collaborative dialogue with the IAI team in earnest through these MOU.