Korea Aerospace Industries (KAI) disclosed on the 22nd that on the 19th it signed a contract with Airbus in the United Kingdom to supply key wing (the largest main body wing) structures for the wide-body A350-900 and A350-1000 models.
The contract is valued at 503.4 billion won, equivalent to 13.9% of KAI's revenue last year (3.6337 trillion won). The contract period runs from Feb. 1, 2032, to Sept. 30, 2034, and payment will be made within 60 days after delivery.
KAI said, "The contract amount and contract period may change depending on conditions in the aviation market and the delivery status of Airbus's A350 models."
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