Israel Aerospace Industries, Hankuk Carbon, to make drones

Israel Aerospace Industries says it has formed a joint venture with Korean company Hankuk Carbon to make unmanned aircraft together.

It says the new company, called Korea Aviation Technologies, will develop drones with and landing capabilities. Its products will be aimed at both the military and civilian markets in South Korea.

The two companies signed their agreement on Tuesday at the International Aerospace and Defense Exhibition in Seoul. Each will hold a 50 percent stake in the joint venture.

State-owned IAI is one of the world's leaders in drone technology, while Hankuk Carbon will provide manufacturing expertise.

Explore further

Volvo, Autoliv form driverless car joint venture

© 2017 The Associated Press. All rights reserved.

Citation: Israel Aerospace Industries, Hankuk Carbon, to make drones (2017, October 17) retrieved 20 January 2020 from
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.

Feedback to editors

User comments