Twenty Korean-made turboprop KT-1 trainers have been exported to Peru.
It is the third overseas shipment of the KT-1 after Indonesia and Turkey
and the first time Korea has sold defense equipment to Latin America.
The governments of the two countries signed the contract worth US$200 million in Lima on Wednesday. The aircraft are 10 KT-1 basic trainers and 10 KA-1s, a light attack aircraft version. Four will be manufactured and supplied by Korea Aerospace Industries and the rest assembled in Peru.
Korea has sought to export the KT-1 to Peru since 2007. It competed with Brazil's Emb-314, Switzerland's PC-9, and the U.S.' T-6A.
"The KT-1 was ahead in terms of price competitiveness and operational efficiency," a government official said. "But we had to overcome a lot of skepticism because Brazil has a monopolistic edge in Latin America."
Some 350 of about 860 trainer jets in Latin American countries are made in Brazil.
The governments of the two countries signed the contract worth US$200 million in Lima on Wednesday. The aircraft are 10 KT-1 basic trainers and 10 KA-1s, a light attack aircraft version. Four will be manufactured and supplied by Korea Aerospace Industries and the rest assembled in Peru.
Korea has sought to export the KT-1 to Peru since 2007. It competed with Brazil's Emb-314, Switzerland's PC-9, and the U.S.' T-6A.
"The KT-1 was ahead in terms of price competitiveness and operational efficiency," a government official said. "But we had to overcome a lot of skepticism because Brazil has a monopolistic edge in Latin America."
Some 350 of about 860 trainer jets in Latin American countries are made in Brazil.
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