Meggitt plc (LON:MGGT) has secured a multi-million dollar contract with Korea Aerospace Industries (KAI) to supply advanced nose/main wheels, high performance carbon brakes and a brake control system for the KF-X multirole fighter jet.
The FTSE 250-listed aerospace, defence and energy components manufacturer noted that the KF-X programme - a partnership between South Korea and Indonesia - is currently in development and expected to enter production in the mid 2020's.
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It said the South Korean Air Force plans to purchase around 100 KF-X jets to replace ageing F-4D/E Phantom II and F-5E/F Tiger II aircraft, while Indonesia has a requirement for about 50 aircraft.
Meggitt added that the contract award extends its relationship with KAI, which already includes braking systems for both the T-50 trainer jet family and Surion helicopter programmes.