Korea Aerospace Industries Ltd. (KAI), the country’s sole military aircraft manufacturer, posted record revenue last year, boosted by the export of its light attack aircraft FA-50 to Poland.
KAI announced on Friday that its consolidated revenue last year was provisionally calculated at 3.8 trillion won ($2.9 billion), up 37% year over year.
Last year, operating profit and net profit were 247.5 billion won and 218 billion won, up 75% and 91%, year over year.
While KAI has not publicly disclosed the amount, it's estimated in the market that the export revenue for the 12 FA-50GFs supplied to Poland last year is around $500 million.