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KAI says wins $450 million supply deal for Boeing's 737 jets

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(Globalpost/GlobalPost)

SEOUL (Reuters) - South Korean plane maker Korea Aerospace Industries (KAI) <047810.KS> said on Monday it had secured a 505 billion Korean won (295.4 million pounds) order to supply parts for Boeing's <BA.N> B737 jets from 2015 to 2021.

The agreement is an expansion of an existing 2004-14 order to supply 1,170 "Horizontal Stabilizer & Vertical Fins" used in the tails of the B737 models, KAI said in a regulatory filing.

(Reporting by Hyunjoo Jin; Editing by Paul Tait)

http://www.globalpost.com/dispatch/news/thomson-reuters/130421/kai-says-wins-450-million-supply-deal-boeings-737-jets