Israel Aerospace Industries and South Korea-based composites manufacturing firm Hankuk Carbon have formed a joint venture with the goal to develop and produce unmanned aerial vehicles.
Korea Aviation Technologies will specifically offer vertical takeoff-and-landing UAVs to the South Korean military and civilian sectors, IAI said Tuesday.
KAT aims to build platforms with a maximum take-off weight of 600 to 990 pounds as well as support operational requirements of potential customers.
IAI and Hankuk unveiled the new venture during the International Aerospace and Defense Exhibition held Tuesday in Seoul.
Both companies collaborated last year to demonstrate the FE Panther UAV powered by three electrical motors and one internal combustion engine.
FE Panther is designed to operate for up to eight hours over a maximum radius of 80.8 miles and carry up to 13 pounds of payload.