The Philippines has inked a $700 million agreement with South Korea's KAI to acquire 12 advanced FA-50 fighter jets by 2030, enhancing its military capabilities amid regional tensions.
A South Korean defense firm has inked an agreement with the Philippines Defense Ministry to provide 12 FA-50 light attack fighters by 2030, Yonhap News reported on Wednesday, citing the state arms procurement agency. The Korea Aerospace Industries (KAI) signed the $700 million agreement on Tuesday, one year after another deal to supply 12 FA-50s.
South Korean Minister of Defense Acquisition Program Administration (DAPA) Seok Jong-gun and Philippine Defense Secretary Gilberto Teodoro had discussed arms industry cooperation in Manila in March. Seoul signed approximately $3 billion worth of arms deals with the Philippines over the last decade, including fighter jets, frigates, and corvettes, making Manila South Korea's largest arms trade partner in Southeast Asia. "The deal to supply additional FA-50 aircraft is expected to contribute to expanding bilateral military exchanges, as well as stabilizing security in Southeast Asia," DAPA said.
So far, the fighter jet has been exported to six countries: Indonesia, Iraq, Malaysia, Poland, Thailand, and the Philippines, with Malaysia signing the most recent deal for 18 jets in 2023. The FA-50 is an advanced version of the KAI T-50 Golden Eagle, the first South Korean supersonic advanced jet trainer, light combat aircraft, and light fighter. The KAI collaborated with Lockheed Martin of the US to develop it.
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At least 11 people have died and several others injured after a fire broke out late Tuesday evening at a home for the elderly in Tuzla, northern Bosnia, officials and local media reports.
A driver has rammed into pedestrians and cyclists on France's tourist-frequented Ile d'Oleron island off the Atlantic coast on Wednesday and two people are in intensive care, Interior Minister Laurent Nunez said.
China and Russia pledged to strengthen financial and economic cooperation during their 11th ministerial dialogue in Beijing, highlighting plans for joint action in global governance and multilateral institutions.
An internationally coordinated action against alleged online fraud and money laundering networks that included German payment service providers resulted in 18 arrests, German authorities said on Wednesday.
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