Asia-Pacific Aerospace Briefs Today
February 21st 2023
Today's briefs report news from Korea Aerospace Industries and SIA Engineering Company. Read More »
Korea Aerospace Industries has signed off an agreement with Gyeongsangnam-do and Gyeongnam Technopark to build an advanced air vehicle demonstration and research centre. The 25 billion won (US$19 million) Jinju City facility is planned for completion in 2024.
SIA Engineering Company said challenges such as the risk of global recession, inflationary pressures, supply chain disruptions and geopolitical uncertainties remained in its recovery path after it reported net profit fell 61.4%, to S$12.8 million (US$9.6), in the three months to December 31, 2022, from S$33.2 million in the same months in 2021.
