KF21 block 2 (delivery will be a bit longer waiting for development completion for block 2, so the order is also supporting block 2 development). Expected first delivery is in 2029 and the 2.2 billion USD order is likely just the first bacth
DS Investment assesses that the KF-21 contract to Indonesia will become the main catalyst for KAI, with a value of around KRW 3 trillion (±US$2.2 billion). BNK Investment states that negotiations have been completed and now it's just a matter of waiting for the administrative process before the official announcement.