Deals to watch: Indonesia's 16-jet KF-21 order still unsigned as PTDI takes 15 percent of airframe work
Korea Aerospace Industries and PT Dirgantara Indonesia signed an industrial cooperation agreement, reported September 21, 2026, under which PTDI will build 15 percent of KF-21 airframe components. Both companies are still pursuing a contract with Indonesia's Ministry of Defence for 16 KF-21s worth about $2.9 billion (KRW 4.01 trillion), announced during President Prabowo's March 2026 visit but not yet signed. Indonesia completed its KRW 600 billion development-cost share on June 25, 2026, and the first three jets are expected in late 2028 or early 2029. Next milestone: contract signing, date unknown.
Related Contracts
Related News
India's Defence Acquisition Council clears more than 300 additional K9 Vajra-T howitzers, opening a ~$2 billion Hanwha follow-on
October 27, 2026
Malaysia to take delivery of its first two FA-50M Block 20 jets on October 30; six due by year-end and talks on a second batch of 18 expected
October 27, 2026
Hanwha Aerospace raises KF-21 initial-production parts contract with KAI to 531.4 billion won in amended agreement
October 22, 2026
Big Four signed only six overseas contracts above 100 billion won in January-October 2026, about 4.4 trillion won; Hyundai Rotem and KAI none
October 22, 2026