One of the challenges for developing countries is how to balance spending necessary for national security with investing in the development of one’s national economy. Most developing countries do not yet have the capability to manufacture their own military equipment and technology. Thus, they must rely on foreign military sales. Because of the high cost […]
Iraq beefs up air force as Korea eyes global jet market
South Korea’s Korean Aerospace Industries (KAI) made news recently with its biggest deal ever, a $1.1 billion sale of FA-50 light attack jets to the Iraqi air force. Under the deal, Korea Aerospace Industries (KAI) will deliver 24 FA-50 jets to the Iraqi Air Force between 2015 and 2016. The FA-50 is a light attack […]