At first glance, Korean Airlines (KAL) seems to be a poorly placed challenger to Korea Aerospace Industries (KAI) to build their country’s KF-X indigenous fighter. For a program that is extraordinarily challenging for an immature industry, KAI’s large engineering force should be a decisive advantage. But it may not be. The competition will probably come down to price, putting KAL at an advantage, according to a government official with strong insight into the program. If it ...

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