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Category: Industry

Hanwha Investment & Securities predicts KAI to secure new orders for FA-50 in Southeast Asia this year

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Hanwha Investment & Securities has maintained a ‘buy’ rating and a target price of ₩69,000 for Korea Aerospace Industries (KAI), despite anticipating a significant downturn in the company’s fourth-quarter performance. The investment firm’s positive outlook is underpinned by expectations of new export contracts in Southeast Asia and the Middle East during the first half of the year, and an overall improvement in KAI’s performance this year.

One of the PAF FA50s that made a debut appearance at the Mindil Beach Flypast in Darwin, Australia
Philippine Air Force (PAF), Public domain, via Wikimedia Commons
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KAI delivers first production LAH-1 helicopters to South Korean Army

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Korea Aerospace Industries (KAI) has achieved a major milestone with the delivery of the first two production LAH-1 ‘Mir-on’ light armed helicopters to the Republic of Korea Army. This event marks the culmination of a development program that began in June 2015, and the successful completion of the development phase in November 2022. The initial delivery is part of a broader plan to fully integrate the helicopters into the Army’s forces by 2031, replacing the ageing 500MD and AH-1S Cobra fleets.


Photo: KAI
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Saab’s Giraffe 4A radar set to enhance U.S. Air Force’s European presence

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Saab has snagged a noteworthy contract, worth $48 million, to supply its cutting-edge Giraffe 4A radar systems to the U.S. Air Forces in Europe. Deliveries of these mobile, multi-function radar systems are expected to commence in 2027 with BAE Systems Technical Solutions & Services Inc. serving as the prime contractor for this award.

Giraffe 4A radar

Photo: Saab
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Valkyrie demonstrates kill chain closure at Emerald Flag

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For the first time in a large-force exercise, the United States Marine Corps (USMC) successfully demonstrated cooperative kill chain closure between crewed and uncrewed strike platforms, featuring Kratos’ XQ-58A Valkyrie. The attritable, runway-independent UAV, designed to support manned-unmanned teaming (MUM-T) operations, was a key participant in Emerald Flag 2024. The Valkyrie was developed under the Marine Corps’ Penetrating Affordable Autonomous Collaborative Killer – Portfolio (PAACK-P) program.

U.S. Air Force photo by Staff Sgt. Blake Wiles

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