Korea Aerospace Industries has secured a six-year extension from Boeing to supply the empennage for the 737 Max.
The contract extension is worth KRW1.13 trillion ($788 million) and will run from 2027-32, says KAI.
The deal will see it provide both the vertical and horizontal stabilisers for the Boeing narrowbody.
KAI’s existing empennage contract with Boeing runs from 2022-26.
In the third quarter of 2024, KAI’s airframe parts business saw revenues rise 16% year on year to KRW 648 billion.
Boeing is again producing 737 Max aircraft at its Renton facility following a three-month stoppage owing to a machinists’ strike.
