WASHINGTON, Dec. 24 (UPI) -- South Korea's defense procurement agency will reportedly sign a contract next week with Korea Aerospace Industries to develop its next-generation KF-X fighter.
The contract comes as the South Korean government plans to modernize its air defense capabilities, and replace its aging fleet of F-4s and F-5s by the mid-2020s. The KF-X program will support the development of a next-generation multi-role fighter, a cooperative project between Korea Aerospace Industries, the country's only aircraft manufacturer, and Indonesian Aerospace.