T-50i advanced jet trainers are seen at the headquarters of the Korea Aerospace Industries (KAI) in Sacheon, about 440 km (273 miles) southeast of Seoul August 14, 2013. REUTERS/Lee Jae-Won
SEOUL (Reuters) - South Korean defence contractor Korea Aerospace Industries Ltd (KAI) has signed a deal with Iraq to export 24 light fighter jets valued at $1.1 billion, the company said on Thursday.
The deal to supply FA-50 aircraft also includes training for Iraqi pilots and other support for the Iraqi Air Force for the next two decades, which could push the total value of the deal to $2 billion, the contractor said in a statement.
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