In November 2012, Peru signed a $200 million contract with South Korea for turboprop trainers and light attack aircraft. The deal involves 10 of its KT-1 trainers, which have also been exported to Turkey and Indonesia, and 10 KA-1 armed counterinsurgency variants. Korea Aerospace Industries will ship 4 of the planes from South Korea, with the rest being assembled from KAI kits in Peru.
The same “value positioning” model that made items like Korea’s Hyundai cars a success is also at work in the global defense sector. It’s time for competitors to take note, because that model is starting to rack up steady wins.