KAI was picked as the preferred bidder for the South Korea's indigenous fighter jet development program Monday.
Codenamed KF-X, the project calls for South Korea to develop fighter jets of the F-16 class to replace its aging fleet of F-4s and F-5s. Some 120 jets are to be put into service starting around 2025.
KAI, in partnership with Airbus Defense and Space, vied against Seoul's top air carrier, Korean Air Lines Co., which teamed up with Lockheed Martin of the United States.
Industrial watchers say KAI has a technical edge over Korean Air based upon its experience developing the T-50 Golden Eagle.
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