May 26, 2011 11:57
An official with the Indonesian Defense Ministry signed a contract for the purchase of 16 of Korea's T-50 supersonic trainer jets with his Korean counterpart in Jakarta on Wednesday, a spokesman for Korea Aerospace Industries said. The jets, worth US$400 million, will be delivered by 2013.
It is the first sale of the trainer jets overseas. Korea is the sixth country to export supersonic aircraft after the U.S., Russia, the U.K., France, and Sweden.
The contract was signed some 50 days after Indonesia selected Korea as the priority negotiation partner in April, an unusually swift deal in the international arms market, where negotiations normally take at least several months.
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