South Korea: $16.64 billion in as-yet-unawarded contracts up for grabs in the air domain
Manufactured by Korea Aerospace Industries (KAI), the KF-21 Boramae is a fighter aircraft that made its maiden flight in July 2022. (Photo: KAI)
South Korea’s military air market is the 12th largest in the world when it comes to unawarded procurement programmes, with an estimated US$7.50 billion potentially set to be awarded over the next decade.
New research from Shephard Defence Insight has revealed that South Korea’s military air market is worth an estimated US$53.19 billion. The findings also highlight the immediacy of the country’s as-yet-unawarded spending in the air domain, with a high proportion likely to be invested before the end of the 2020s.
Additionally, South Korea is expected to invest a comparatively high percentage of its future air spending on uncrewed aerial vehicles (UAVs), with partnerships with domestic suppliers representing one of the best opportunities for international manufacturers to access the country’s future UAV market.
Shephard’s analysis indicates that the value of unawarded opportunities for air programmes in South Korea
Already have an account? Log in
Want to keep reading this article?
More from Air Warfare
-
![MBDA and Lockheed move closer to F-35A Meteor flight tests]()
MBDA and Lockheed move closer to F-35A Meteor flight tests
Following the completion of successful ground tests, one more exercise remains before flight testing can begin.
-
![Brazilian Air Force conducts first live fire of Meteor missile from Gripen E]()
Brazilian Air Force conducts first live fire of Meteor missile from Gripen E
The major milestone for the beyond-visual-range air-to-air missile was conducted in November and expands the capabilities of the air force’s growing Gripen E fleet.
-
![India finally powers up engine production as it prepares to talk platforms with Putin]()
India finally powers up engine production as it prepares to talk platforms with Putin
Engine technology has been thrust into the spotlight ahead of Russian President Vladimir Putin’s visit to India this week, with the Su-57, S-400 and Kamov-226 expected to be high on the agenda.
-
![Airbus MQ-72C Lakota Connector progress on track ahead of pending USMC decision]()
Airbus MQ-72C Lakota Connector progress on track ahead of pending USMC decision
The MQ-7C uncrewed aircraft is currently undergoing further internal flight tests ahead of a government test event anticipated for next year.
