Aerospace
South Korea rolls out first mass-produced KF-21 fighter jet
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President Lee Jae Myung hailed the first mass-produced KF-21 fighter jet as a symbol of self-reliant defense during a ceremony on March 25 in Sacheon. He vowed to elevate South Korea to one of the world's top four defense powers. The Air Force plans to deploy 120 jets starting in September after evaluations.
Redwire Corporation has released its quarterly earnings materials for the first three months of 2026.
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Rocket Lab Corporation released its slide deck for the 2026 first quarter earnings call on May 7.
Sources indicate that Hong Kong's budget will allocate huge funds to advance innovation in the Northern Metropolis and offer incentives for the aerospace sector. Officials plan tripartite cooperation between developers and tech firms to drive progress. The measures aim to boost research and development and attract companies.
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An article by The Japan Times reporter Gabriel Dominguez, detailing a close encounter between a Chinese military helicopter and a Philippine patrol plane over the South China Sea's Scarborough Shoal, has won the Best Asia-Pacific Breaking News submission at the 2026 Aerospace Media Awards ASIA. The winners were announced on February 2, 2026, at a reception in Singapore. The awards recognize journalists and publishers in Asia for their contributions to aerospace journalism.
Italian aerospace and defense firm Leonardo has reaffirmed its commitment to the Philippines' long-term capability development and modernization goals. In a statement, the company said it will invest in technologies, skills, and systems to make the Armed Forces of the Philippines future-ready. This supports the nation's push for a capable and self-reliant deterrence posture.
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Korean Air and Hyundai Rotem announced Wednesday a joint effort to develop a reusable 35-ton-class methane rocket engine by October 2030 under a government-backed 49 billion-won program. Overseen by the Korea Research Institute for Defense Technology Planning and Advancement, the project aims to bolster Korea's space industry ecosystem. Hyundai Rotem will lead engine planning and combustor manufacturing, while Korean Air handles turbopump development.
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