Latest news with #KAI
Business Insider
5 hours ago
- Business
- Business Insider
William Blair Reaffirms Their Buy Rating on Kadant (KAI)
In a report released today, Ross Sparenblek from William Blair maintained a Buy rating on Kadant (KAI – Research Report). The company's shares closed today at $320.49. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Sparenblek covers the Industrials sector, focusing on stocks such as MSA Safety, SPX, and Mayville Engineering Company. According to TipRanks, Sparenblek has an average return of 12.1% and a 76.00% success rate on recommended stocks. Kadant has an analyst consensus of Moderate Buy, with a price target consensus of $327.50. KAI market cap is currently $3.62B and has a P/E ratio of 32.59. Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KAI in relation to earlier this year. Most recently, in March 2025, Thomas Andrew Blanchard, the VP of KAI sold 325.00 shares for a total of $111,016.75.
South China Morning Post
6 hours ago
- Business
- South China Morning Post
Philippines boosts air power with 12 South Korean FA-50 jets amid South China Sea tensions
Manila's deal to acquire 12 upgraded FA-50 fighter jets from South Korea could significantly strengthen the Philippines ' air defence and power projection in the contested South China Sea – but analysts say the light combat aircraft still fall short of the multirole fighters the country ultimately seeks. The US$700 million contract, signed on Tuesday with Korea Aerospace Industries (KAI), will see the delivery of the aircraft between 2026 and 2030, the state-run Philippine News Agency reported. It marks the second time the Philippines has turned to KAI, having bought 12 FA-50s in 2014. Eleven remain in service after one crashed in March during a mission in the southern Philippines, killing two pilots. The new FA-50 Block 70 jets will come equipped with an Active Electronically Scanned Array radar, aerial refuelling capability and advanced air-to-air and air-to-ground weapons systems, according to KAI. The Philippine Air Force (PAF) currently uses the FA-50 for both air patrol and strike missions. Analysts said the latest order would double the fleet, ease the burden on ageing aircraft and support the air force's modernisation road map. Known as the Flight Plan, the programme prioritises the acquisition of surface attack aircraft to strengthen territorial defence.
Reuters
20 hours ago
- Business
- Reuters
South Korea's KAI signs $700 mln aircraft deal with Philippines
SEOUL, June 4 (Reuters) - South Korean defence company Korea Aerospace Industries (KAI) ( opens new tab said on Wednesday it has signed a deal worth 975.3 billion won ($712.83 million) with the Philippine defence ministry to supply 12 aircraft. KAI will export 12 of its FA-50 fighter jets by 2030, which would modernise the Southeast Asian country's military, it said in a statement. The company previously signed a deal with Manila in 2014 and supplied another batch of 12 FA-50 jets by 2017. South Korea, which has sold FA-50 fighter jets, corvettes, and frigates to the Philippines, aims to become the world's fourth-largest arms exporter by 2027. ($1 = 1,368.2100 won)
Korea Herald
a day ago
- Business
- Korea Herald
KAI signs W975b deal to supply additional FA-50 fighter jets to Philippines
Korean Aerospace Industries, the nation's sole aircraft maker, said Wednesday that it has signed a 975.3 billion won ($711 million) contract with the Philippine Department of National Defense to export 12 additional FA-50 light combat aircraft. With this agreement, the total number of FA-50 jets delivered to the Philippines will rise to 24. The deal includes not only the aircraft but also follow-on logistics support, with deliveries scheduled for completion by 2030. The upgraded FA-50PH models will feature extended range through aerial refueling capability, advanced radar systems, and enhanced air-to-air and air-to-ground weaponry. These improvements are expected to significantly boost the Philippine Air Force's operational capability and modernization efforts. The Philippine Air Force has been operating the FA-50PH since 2017, following an earlier deal signed in 2014. The aircraft played a key role during the Battle of Marawi and demonstrated excellent performance during the multinational 'Pitch Black 2024' exercise in Australia, achieving 100 percent availability with KAI's maintenance support. This deal follows KAI's successful export of 18 FA-50 units to Malaysia in 2023 and is expected to strengthen its foothold in Southeast Asia. Interest in the aircraft is also growing in Europe, the Middle East and South America. 'This additional order reflects a decade of stable operations and trust,' said KAI CEO Kang Goo-young. 'We will continue expanding our global presence with customized upgrades and sustained support.'
Economic Times
3 days ago
- Business
- Economic Times
Sports tech startup KhiladiPro raises $1 million in round led by Shastra VC, MGA Ventures
Sports tech startup KhiladiPro has raised $1 million in a funding round led by early-stage funds Shastra VC and MGA Ventures. The round also saw participation from angel funds will be used for developing its proprietary AI models, expanding its reach in domestic markets, and enhancing support systems for athletes. Founded in August 2023, the Bengaluru-based company provides standardised athletic assessments for children. The firm has over 60 AI models. Its flagship products include sports ability tests for badminton and cricket, the Khiladi Ability Index (KAI), which places all users on a unified rating scale, Olympiad for schools, and content play Khiladi Klub for high-potential youth athletes. It follows a transactional revenue model, charging a fee for each assessment conducted per child. 'Assessment is a key gap in the market. Around two crore children attend academies in the evenings, but there's no standard metric to track progress…So, assessments are crucial to provide a benchmark for all this time invested, helping kids understand where they truly stand,' cofounder and chief executive Utkarsh Yadav told ET. According to the firm, India's sports technology market is projected to reach $1,479 million by 2033. Over the past four months, KhiladiPro has partnered with around 75 to 80 academies, reaching about 40,000 students. The platform is currently carrying out between 2,000 and 3,000 assessments each plans to complete 200,000 assessments by the end of the current financial year, while also broadening its range of sports to cofounder Nirav Shah, the company is receiving inbound interest from international markets and is now exploring expansion into Australia and the UAE.'There are many sports tech companies using hardware sensors to track physical movements or biomarkers, but no one has been able to achieve the level of accuracy we have using just mobile devices and visual AI,' said Shah, noting that this is a widespread sports tech sector has seen increasing interest from investors due to its potential for innovation and growth. Last year in October, Str8bat raised $3.5 million in a funding round led by Exfinity Venture May 2024, Stupa Sports Analytics raised Rs 28 crore in a funding round led by Centre Court Capital and Peer Capital, while in February last year, SportVot raised Rs 9.4 crore in funding led by Omidyar Network India.
