# KAI wins $658 million contract to supply wing ribs for Airbus A350

Korea Aerospace Industries (KAI) has signed a $657.9 million contract with Airbus to supply wing ribs for the A350 aircraft until the end of 2029.

- Type: Contract
- Announced: 2020-12-17
- Where: South Korea
- Value: $657.9M
- Status: announced
- Products: wing ribs for Airbus A350
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Airbus](https://endata.com/companies/1653.md) (customer)
- [Korea Aerospace Industries](https://endata.com/companies/2831.md) (supplier)

## Sources

- [pulse.mk.co.kr](https://pulse.mk.co.kr/news/english/9656913), 2020-12-17: "KAI announced in a disclosure Wednesday that it signed a $657.9 million contract with Airbus, a multinational aerospace company in Europe, to supply A350 wing ribs until the end of 2029."

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