KAI says wins $450 million supply deal for Boeing's 737 jets

SEOUL Sun Apr 21, 2013 9:21pm EDT

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SEOUL (Reuters) - South Korean plane maker Korea Aerospace Industries (KAI) (047810.KS) said on Monday it had secured a 505 billion Korean won ($449.41 million) order to supply parts for Boeing's (BA.N) B737 jets from 2015 to 2021.

The agreement is an expansion of an existing 2004-14 order to supply 1,170 "Horizontal Stabilizer & Vertical Fins" used in the tails of the B737 models, KAI said in a regulatory filing. ($1 = 1123.7000 Korean won)

(Reporting by Hyunjoo Jin; Editing by Paul Tait)