Interesting to see that Boeing is outsourcing part of its massive A-10 Thunderbolt retrofit to a Korean firm, and to see that this firm is actually a joint venture of Korea's big three, Daewoo, Samsung, and Hyundai.
INSIDE JoongAng Daily: "Korea Aerospace Industries, a joint venture involving three local aerospace companies, is expected to take part in the U.S. Air Force’s upgrade of its A-10 Thunderbolt II aircraft. Korea Aerospace Industries said yesterday that it signed a contract with Boeing to produce outer wing panels for about 240 A-10 Thunderbolt II planes, which the U.S. Air Force will upgrade by 2016.
The U.S. Air Force, which currently owns 356 A-10 Thunderbolt II planes, designated Boeing in June to be the project manager. Boeing will upgrade the planes and extend their use by two decades. The A-10 Thunderbolt II planes, developed in 1972, were used in the Gulf War and Iraq War to attack tanks and other ground targets.
KAI did not release the price for the contract but said the latest contract helped the firm achieve its $1 billion overseas orders goal for the year.
The company was created in October 1999 after Daewoo Heavy Industries, Samsung Techwin and Hyundai Space and Aircraft spun off their aerospace business divisions and merged them under the name Korea Aerospace Industries.
Since then, KAI has taken part in many projects here and abroad, developing and upgrading aircrafts including the U.S. Air Force’s F-16s and the Korean Navy’s P-3 maritime patrol planes."