Operational History
KAI exported seven planes plus spare parts to Indonesia in April 2003 under a 60 million USD contract, and five more in May 2005. In a recent press release held in Sacheon, South Korea on March 8, 2006, KAI stated that it will export more than 150 improved versions of the KT-1 to various countries in Central America and Southeast Asia. The improved export version of the KT-1 will be called KT-1C.
As of June, 2007, South Korea and Turkey have successfully negotiated for a contract of exporting 40(+15) KT-1, as well as modular armor technology of K2 Black Panther for Turkey's future indigenous MBT, to Turkey for KRW₩500,000,000,000 (approximately US$540,000,000).
A statement published by Chungwadae, the South Korean Presidential website, on 26 January 2010, said that India and South Korea had agreed, as part of upgrading their partnership to a 'strategic relationship', form a joint committee in the first half of 2010. The statement added that this committee will facilitate an offer from Seoul to supply up to 60 KT-1 trainers to meet Indian Air Force requirements. However, India signed the contract with Pilatus to supply 75 PC-7.
As of November 06th 2012, KAI and the Peruvian Air Force has successfully negotiated a contract for 20 KT-1Ps (10 KT and 10 KA versions) including some offset and technologies transfers for an approximate amount of US$208 millions. KAI will provide the first 4 airplanes by 2014 and the rest will be assembled at SEMAN (Maintenance air wing of the Peruvian Air Force).
Read more about this topic: KAI KT-1
Famous quotes containing the word history:
“Don’t you realize that this is a new empire? Why, folks, there’s never been anything like this since creation. Creation, huh, that took six days, this was done in one. History made in an hour. Why it’s a miracle out of the Old Testament!”
—Howard Estabrook (1884–1978)