Korea Aerospace Industries (KAI) signed a memorandum of understanding with Mexico’s Federación Mexicana de la Industria Aeroespacial (FEMIA) and POSCO International on Sept. 28 during President Lee Jae Myung’s state visit to Mexico. The agreement links KAI’s aircraft, rotorcraft, unmanned aerial vehicle, satellite, maintenance, repair and overhaul, and aerostructures businesses with efforts to establish local production, transfer technology and localize supply chains. KAI intends to use Mexico as a base for broader business opportunities in Latin America and to accelerate the FA-50 light combat aircraft’s entry into Central America while expanding exports across North and South America. FEMIA, which has more than 100 member companies, will connect KAI with Mexican companies and public institutions, identify local partners and provide policy information. POSCO International will use its global network to develop business opportunities and explore financing cooperation. The companies did not disclose financial terms or specific projects under the MOU.