KAI (Korea Aerospace Industry Co., Ltd.) signed a contract with Boeing in the United States to extend the supply of tail structures for the B737MAX model on the 9th (local time).

The signing ceremony held at Boeing headquarters (Seatle) in the United States was attended by KAI President Kang Gu-young, Airframe Division Director Kim Yong-min, and Boeing Cory Gionet Production and Purchasing Division Manager (VP, SC Structures).

This contract is an extension of the existing contract (2022~2026) to supply horizontal and vertical tail assemblies of the B737MAX model, and the total business period is 6 years (2027~2032), and the contract size reaches 1.126.8 trillion won.

The B737MAX is the latest model of the stop-distance flight partner passenger aircraft developed by Boeing, and is the best-selling model around the world that can accommodate up to 230 people. KAI has maintained close cooperation with Boeing for more than 20 years, starting with the delivery of the B737 NG (Next Generation) aircraft wing skeleton structure in 2004.

This large-scale contract is expected to revitalize the industrial ecosystem by supplying stable quantities to partners who are struggling with changes in the external environment, such as the collapse of the global supply chain after the Corona pandemic.

KAI President Kang Gu-young said, "Through the stable delivery of the B737MAX tail business over the past 20 years, we have been recognized for KAI's technical skills and quality control ability, and we have signed an extension contract." "We will deliver products in time based on our fluent production capacity and do our best to satisfy our customers."

As the civil aircraft market recovers, KAI recorded cumulative sales of 64.71 billion won in the third quarter of this year in the airframe parts sector, an increase of 16% from last year.

KAI is expanding from the existing civilian airframe structure business, which is mostly composed of aluminum and composite materials, to high-value-added airframe structures that require difficult-to-sort material processing technology such as aircraft connection parts, landing devices, and engine-installed structures, and is increasing its competitiveness in order diversification.

Meanwhile, in April, KAI signed a contract with Eve, a UAM company specializing in the supply of eVTOL structures for electric vertical take-off and landing aircraft, and is seeking to enter the future aviation mobility (AAM) global market.