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AeroVironment, Inc. ("AV") (NASDAQ:AVAV), a global leader in all-domain unmanned systems, today announced the signing of a Memorandum of Understanding (MOU) that positions Korean Air as its priority partner in the Republic of Korea.
This alliance will focus on integrating and adapting AV's JUMP® 20 Group 3 vertical takeoff and landing (VTOL), fixed-wing uncrewed aircraft to meet the specific needs of the Korean Defense market. It also establishes a foundation for long-term joint research and development, sustained innovation, and local production – supporting efforts by the Korean Ministry of National Defense to grow its unmanned system infrastructure and expand manufacturing within the country.
Posted In: AVAV
