SEOUL-- Korea Aerospace Industries Co. (KAI), the country's sole aircraft manufacturer, said Thursday it has received a 754.6 billion-won (US$663 million) airplane parts order from Britain.
Under the deal, KAI will supply single aisle wing parts to an identified British aircraft company from January 2026 to December 2030, the company said in a regulatory filing.
KAI reported a net profit of 11.9 billion won in the January-March quarter, down 85 percent from 79.5 billion won a year earlier due to the coronavirus impact on its business.
KAI used to win deals to manufacture wing and body parts for passenger jets made by Airbus and Boeing, but the deals have dried up since early last year due to the pandemic.
KAI projected Airbus and Boeing will place orders for parts from the second half of 2022 and the first half of 2023, respectively, as more COVID-19 vaccine doses will be administered worldwide.
Source: Yonhap News Agency