On 21 October 2025, AeroVironment, Inc. (NASDAQ: AVAV) announced the signing of a Memorandum of Understanding with Korean Air, designating the airline as its priority partner for the Republic of Korea. The agreement focuses on joint research and development, sustained innovation, and local production of the JUMP 20 Group 3 vertical‑takeoff and landing (VTOL) unmanned aircraft system, a platform that has already secured contracts across Europe and other NATO allies.
The partnership aims to adapt the JUMP 20 to meet the specific needs of the Korean Defense market and to support the Korean Ministry of National Defense’s goal of expanding its unmanned system infrastructure and domestic manufacturing capabilities. By leveraging AeroVironment’s proven operational track record and Korean Air’s defense ecosystem, the collaboration is expected to deliver a mission‑ready MUAS solution that can be produced locally, reducing lead times and enhancing supply chain resilience for the Republic of Korea’s armed forces.
This MOU represents a strategic expansion into a high‑growth defense market and positions AeroVironment to capture future revenue streams from Korean defense contracts. The agreement also strengthens the company’s global footprint and aligns with its broader strategy of integrating advanced autonomous systems across air, land, sea, space, and cyber domains.
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