Indonesia agrees to join S Korea`s fighter development
Seoul: Indonesia agreed on Thursday to join a South Korean project to develop a new fighter jet which has been delayed for years by technical and budget problems.
Indonesia will acquire about 50 of the KF-X fighters in return for shouldering 20 percent of the development costs in the multi-million dollar project, the Defence Ministry said.
The two sides also agreed to work together in production and marketing.
The deal was signed in Seoul by Byun Moo-Keun, commissioner for the ministry`s Defence Acquisition Program Administration (DAPA), and his Indonesian counterpart Eris Herryanto.
South Korea launched the project in 2000 to produce home-built fighters equipped with stealth capabilities.
After delays due to questions about its economic and technical feasibility, President Lee Myung-Bak agreed in January to push ahead with the project amid growing tensions with North Korea.
South Korea plans to decommission all of its ageing F-4 and F-5 fighter jets by 2020. Yonhap news agency said around 170 F-5s operate in South Korea. The planes, first flown in South Korea in 1975, have suffered a number of crashes.
"Exploratory development will start next year, and we plan to produce the new fighter jets after a final feasibility study in late 2012," a DAPA spokesman said.
"We need foreign partners who will transfer technology and key parts," he said, declining to give details such as total costs.
On top of the KF-X project, South Korea will also continue to buy advanced fighters from foreign manufacturers, the spokesman said.
Download the all new Zee News app for Android and iOS to stay up to date with latest headlines and news stories in Politics, Entertainment, Sports, Technology, Business and much more from India and around the world.
More from India
More from World
More from Sports
More from Entertaiment
- Karnataka, Madhya Pradesh bypoll results: As it happened on November 24
- Intolerance issue: When did ‘Incredible India’ become ‘Intolerant India’, Anupam Kher asks Aamir Khan
- Tirupati, Tirumala rains update: Temple remains open; pilgrims continue to pour in for darshan
- BJP's big poser to Aamir Khan: Is there any better neighbour for Muslims than a Hindu?
- Muslim leader Asaduddin Owaisi says Aamir Khan wrong in wanting to leave India