(MENAFN) The Korea Aerospace Industries (KAI), South Korea's sole aircraft producer, posted that it has lately approved new contract worth 641.1 billion-won in order to effort a key wing component to Boeing for the coming 13 years.
Furthermore, KAI also announced that it is set to be an elite supplier of wing ribs for Boeing's modern series of wide-body twin-engine jet airliners, the B777x, till late 2030.
However, the S. Korean firm added that the recent agreement is the same as the 20.7% of KAI's consolidated during the past year.
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