REPUBLIKA.CO.ID, SEOUL -- Korea Aerospace Industries has signed a contract with Iraq to export 24 light fighter jets valued at $1.1 billion, the South Korean company said on Thursday.

The deal to supply T-50 aircrafts also include providing training for Iraqi pilots and other support for the Iraqi Air Force with a potential to reach a combined value of $2 billion, the contractor said in a statement.

The FA-50 is a light attack variant of the T-50 Golden Eagle supersonic trainer that was co-developed by KAI and U.S. defence firm Lockheed Martin Corp.

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