Hanwha Techwin wins $204mn contract to supply KF-X engine parts

Hanwha Techwin will localize parts of the engine for Korea's next-generation fighter jets

By: Wording OD

According to Yonhap news agency, Hanwha Techwin, a South Korea's defense manufacturer, said Monday that it has signed a parts supply deal worth $204 million with Korea Aerospace Industries Ltd. (KAI), the country's sole aircraft manufacturer. The deal is designed to localize parts of the engine for Korea's next-generation fighter jets, Hanwha Techwin said in a regulatory filing. On May 26, South Korea’s Defense Acquisition Program Administration (DAPA) selected GE Aviation as the preferred bidder to supply F414 engines for its next-generation indigenous fighter, known as the KF-X. KAI said Hanwha Techwin is set to import GE engines and localize some of them, and assemble the engines before delivering them to the South Korean government for the project.

British Army looks again at future plans

The British Army is reviewing its future force plans in order to find billions of pounds of savings as mandated by the 2015 SDSR. (IHS/Patrick Allen)

By: Wording OD

The British Army has launched a root and branch review of all its future plans, including force structure, equipment procurement, manpower requirements, and basing footprint. The review, dubbed 'Project Marble Arch', was ordered by the Chief of the General Staff, General Sir Nick Carter, earlier this year after each of the UK armed services and the Ministry of Defence's (MoD's) civilian administration were ordered to come up with proposals on how they would contribute to GBP11 billion (USD14.7 billion) in savings mandated by the 2015 Strategic Defence and Security Review (SDSR). The SDSR said that any money saved from efficiencies in the MoD's existing spending plans would be re-invested on the new equipment announced in the review.