# Korea Precision Machinery wins KRW 7.8B CNC VTL supply contract with TEI

Korea Precision Machinery has signed a contract worth KRW 7,800,390,000 (USD 5.65 million) to supply CNC VTL (vertical turning lathes) to TEI, a Turkish aerospace and defense engine parts manufacturer. The contract runs from August 25, 2026 to July 3, 2027.

- Type: Contract
- Announced: 2026-08-25
- Where: Türkiye
- Value: $5.65M (7.80B KRW)
- Status: announced
- Products: CNC vertical turning lathes
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Korea Precision Machinery](https://endata.com/companies/14989.md)
- [TEI](https://endata.com/companies/14990.md) (customer)

## Sources

- [sedaily.com](https://www.sedaily.com/market/domesticStock/stockNotice/862189), 2026-11-04: "당사는 2026년 11월 4일 선수금(35%)을 수령하였으며, 계약종료일은 선수금 수령후 8개월로 계산한 2027년 7월 3일로 정정합니다."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.