The Korean government has given its final approval for the launch of the new KHP military transport helicopter, developed in cooperation with Eurocopter.

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For an estimated total amount of 6 to 8 billion USD, this program which concerns 245 helicopters, represents the largest defense contract ever signed between a European company and South Korea. Korea Aerospace Industry (KAI) will be the main contractor for this program. As first partner of KAI, Eurocopter will provide technical assistance for the development of the aircraft as well as certain sub-assemblies during the production phase. In addition, the agreement between the two companies makes provision for the export marketing of this helicopter via a joint company. The estimated contract is in the order of 300 helicopters.