SEOUL, Oct. 10 (UPI) -- Boeing and Korean Air Aerospace Division are broadening their cooperative relationship for military aircraft markets under a new Memorandum of Understanding.
Covered under the MOU, which was signed last week, are rotorcraft, fixed-wing aircraft, unmanned aerial vehicles and military aircraft maintenance and support.
"We see potential for new collaboration by bringing together KAL's leading-edge capabilities and Boeing's history of innovation to address expanding global defense and security requirements," said Mark Kronenberg, vice president of International Business Development for Boeing Defense, Space and Security.
"Strengthening our partnership with a global aerospace and defense company like Boeing supports Korean Air's goal to become Asia's largest aerospace company," said June Chul Choi, senior vice president and head of Korean Air Aerospace Division.
"This win-win collaboration will help Korean Air play a leading role in aerospace development, modification and upgrade programs and open doors to expanded defense business opportunities globally."
KAL-ASD designs, manufactures marketing and provides maintenance products and services for aircraft, satellites and launch vehicles. In addition to making parts for a variety of Boeing's commercial aircraft, it also provides spares and related parts for the Republic of Korea Air Force's E737 Airborne Early Warning and Control Peace Eye aircraft.
The companies said the MOU is aimed at international markets as well as South Korea.