Haifa, Israel-based defense electronics manufacturer Elbit Systems and Korean aviation services company Sharp Aviation K have established an avionics maintenance joint venture, Sharp Elbit Systems Aerospace (SESA), in Seoul, South Korea.
Elbit will retain 19 percent of the ownership in Sharp Elbit Systems, with a growth option to 50 percent. SESA will offer maintenance, repair and manufacture of advanced military avionics for existing and future projects, including the Korean Light Attack Helicopter (LAH) and the Korean Future Fighter (KFX).
"SESA will offer the Korean aerospace market advanced solutions and systems, made in Korea and based on Elbit Systems' technological portfolio and Sharp Aviation K's vast experience in aviation and avionics, strong local presence and deep understanding of the Korean market," said Soon-Suk Pailk, president and CEO of Sharp Aviation K.
Related: Military Avionics News