Israel Aerospace Industries (IAI) and Hankuk Carbon have established a joint venture (JV to develop unmanned aerial vehicles (UAVs) in South Korea.
The JV has been named Korea Aviation Technologies (KAT), and will focus on the development of vertical take-off and landing (VTOL) UAVs for the military and civil markets.
The agreement was signed during the ADEX exhibition in Seoul on 17 October, two years after the companies collectively presented the hybrid Front Engine (FE) Panther tiltrotor UAV at the same show in 2015.
A memorandum of agreement that led to the JV being established was signed in January 2016, which was followed by a joint demonstration of the FE Panther UAV in South Korea in December 2016.
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