Israeli, South Korean firms forming JV for UAV production

Hankuk Carbon, a Korean composite manufacturer, and Israel Aerospace Industries (IAI) have signed a MOA (Memorandum of Agreement) to establish a Joint Venture to develop, manufacture, and sale Vertical Take-Off and Landing (VTOL) Unmanned Air Vehicle (UAV). Both companies will co-develop and co-manufacture the next generation VTOL UAV. The Joint Venture will begin by developing"

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