Indonesian Parliament Approves Initial Budget for KF-X

Write : 2015-10-31 12:36:38 Update : 2015-10-31 15:01:17

Indonesian Parliament Approves Initial Budget for KF-X

The Indonesian parliament has approved a first batch of funds totaling some 89 billion won to be invested in jointly developing a new South Korean fighter jet.
 
An official at the South Korean embassy in Jakarta said Saturday that the Indonesian parliament approved the funds for the project, dubbed the KF-X.

Following the latest budget approval, the two governments and the participating aerospace companies, Korea Aerospace Industries (KAI) and PT Dirgantara Indonesia will begin negotiations to sign a project deal in early November in Jakarta.
 
Indonesia plans to cover one-point-seven trillion won or some 20 percent of the KF-X development cost. 
 
With the first batch of funds green-lighted, Seoul's Defense Acquisition Program Administration (DAPA) believes Indonesia will approve the remaining budget in phases as well.
 
Under a basic agreement on the KF-X joint development signed last year, Indonesia will receive one trial fighter jet and design-related information. Its engineers will also take part in the project.

 

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