[silence] we can kick off the next panel discussion. And again we have two presenters and two discussions. This panel is focused on opportunities for us are okay Communication Collaboration cooperation in the Aerospace Industry and to my left our first presenter, alana pointman, who is currently at the center for new american security, new york, sorry, got that one wrong, the new america foundation. Apologies, new america foundation. A lot of think tanks in town that all do incredible work and one can confuse them. She is running the new york office for the new america foundation, the former deputy secretary of defense for manufacturing and Industrial Base policy and grapples with all of these issues about the structure of the Aerospace Industry, increasingly Global Nature and how that affects us defense inherently and the opportunities for cooperation between the us and other allies. To her left is doctor wu june janke, director of defense and Aerospace Industry division and Research Fellow at the Korean Institute of trade. Also a member of Defense Division of the National Science and technology council, and Editorial Board member of the journal of Korean Association of Defense Industry studies. He has received a phd in economics from the Seoul National university and graduated from the u. S. Air force institute of technology in 1998 with a masters in logistics management, he works at kia. To his left with our discussants, a little bit out, Major General juan jin o who was a participant at last years conference and make the repeat appearance, thank you for that, director general of the Defense Industry promotion euro, Artillery Brigade commander in the 26 infantry division, also served as chief of the j5, joint combat Capability Development decision with deep background and acquisition as a war fighter, requirement generator and official in the acquisition system and to his left we have doug greenloft who is Vice President and regional executive for asia, Lockheed Martin company, he is responsible for leading Lockheed Martins business to facilitate and unify operational and functional strategies across the whole portfolio within asia and his response abilities span from india to korea but do not include japan and australia if i am reading this correctly, hes laser focused on that area, that includes korea. Previously he was Vice President of International Strategy at Lockheed Martin and has a long career in industry, and aiding in his current job. To his left is a managing director who leads the advanced Pilot TrainingProgram Development at Korea Aerospace industries another of our Conference Participants and sponsoring organizations, he joined in 1988 and started his career as a subcontract manager on the korean trainer experimental which developed into the t 50 program which is now operating around the world. He will be acting as another of our discussions. At this point i would like to turn it over to alana to deliver the first presentation. Thank you for inviting me, really interesting discussion so far, looking forward to hearing from my copanelists. The republic of korea is one of the United Statess most Strategic Partners in asia and those in strategic nature and economic nature of the partnership are very important elements to the relationship. As we all know the early 1950s the defense treaty has tied the nations together in the defense cooperation pact with 30,000 us troops based in are okay and the Us Nuclear Umbrella covering the country. Our two countries economies are joined by a trade agreement with a significant trading relationship, south korea is our seventh largest trading partner and the United States is our secondlargest trading partner. This gives a backdrop to the defense Industrial Base which is an important economic issue as much as it is a strategic and defense one. The us runs over all trade deficit with the republic of korea ranging in the its, the strongest exports, just a few figures, over a 5 year average in 20112015 us Defense Products accounted for 80 of koreas defense imports in the republic of korea is among the top customers for Foreign Military sales from 200816, are okay contract with the us totaled close to 16 billion and commercial acquisitions totaled close to 7 billion. In fiscal year 16 alone the Defense Security cooperation over 4 billion in promotional sale agreements to south korea and the help of this relationship is due to two factors, when is the republic of korea defense needs and Second Technology transfers that support are okay aerospace industries, health and sales abroad. When it comes to the defense relationship the us industry enjoyed unparalleled access to the republic of korea. In recent years firms from europe to the middle east have given us firms quite a bit of competition. This is not true of this relationship but is true over all of us sales. The us industry may still enjoy a reputation for cuttingedge technology and brings with it the benefit of interoperability with us forces nonus competitors tout a few advantages. There are fewer restrictions, and industrial support for the company, and us products served by Foreign Military sales and negotiation hurdles lessened quite a bit. It has been a boost to the relationship. The department of defense for many years, they are not easy to grapple with. Another issue that has come up in recent years, sales of the sad system first protested by china which appeared to retaliate economically against republic of korea. That found its way to a solution, that political dimension turns out to be an important piece of the relationship between our defense industries. I also mentioned Technology Transfers are significant issue that was discussed in the last panel, nor is it only the bilateral relationship but they are okays Aerospace Industry is itself a standing. Two years ago it was triple the size of what was five years before that and the government naturally supports that growth. Defense from 20 20 initiative ended emphasizing development of indigenous capabilities by increasing percentage of funds allocated for Defense Research and development. The republic of korea aims to include competitiveness in its Defense Industry and korean firms compete internationally and Aerospace Industry and the republic of korea naturally seeks to secure sick Technology Transfers as part of the defense sales in the us. At the same time this is an opportunity for acrosstheboard collaboration that benefits both partners. Lockheed martin, one of my friends on the panel can speak to that more but lockheed jointly developed a golden eagle, a trainer and Fighter Aircraft successful on the international market. Southeast asia is a major market in rok defense equipment and could potentially be an opportunity for the us Industrial Base through that partnership. At the outlook i would say under the Current Us Administration there may be something similar. On the one hand donald trump has been very forward about us positions toward north korea and aggressively pushed us allies like rok. On the other hand the administration and congress are pulling back from International Engagements including by proposing an updated statute that can complicate Aerospace Joint ventures between us and foreign companies. Given the wildcard of north korea it is hard to use the usual analytical tools to examine the bilateral aerospace relationship. 2017 has been a year of time old and i dont see any reason that will slow down and that will continue to animate strongly what happens in bilateral defense relationships between our two countries and the Defense Industry. Thank you. Doctor john . Defense Aerospace Division in korea, i am proud to be here at the conference because as i said starting here two years ago i hoped to be getting compartmentalized and helpful and important presentation today, i am going to present my words in korean. The public is entitled in arrow industry between our nations. The status quo related to military airplane and swot analysis and the key is how we can improve cooperation in the air industry between our nations, the introduction, the trump government that was sworn in earlier this year proposed the Weapon System as one of the major policies through an accident of nba 2018, estimated to spend 700 billion next year in the military budget and the offset strategy will compel the United States to pursue stateoftheart drones and longrange bombers with more investment in the arrow industry, airplane related search. With increase in the military budget and because of the increase in the demand for civil allies in the emerging nations including china, it seems the rok will be estimated at 840 billion by 2020. With the new government in seoul in may the Congressional Committee was introduced to rapidly cope with new technology that includes drones and other developments in the arrow industry, in this friendly atmosphere we need to actively seek ways to cooperate with two nations and create and further promote synergies. A quick look at the Global Trends in the arrow industry as i stated earlier there is increasing civilian demand and more budget expenditure in the military and with the advent of the fourth industry of evolution and performancebased statistics actively cooperating or promoting convergence in the product and Service Market and a quick look at the arrow industry can be seen as follows. As of 2016, 5. 1 billion which was 90 higher than five years before, erupting around civil aircraft, and the military production taking up 58 , playing a major role in the growth of its industry. When it comes to the export regarding custom basis, delivery basis, as of 2016, 2. 6 billion so export accounts for 51 and military logistics were explained by kp one advanced trainer recording 0. 9 billion, 137 increase compared to five years before. Because of this booming arrow industry, 14,00,000 people recording a 40 increase from four years before, making a healthy contribution to create new jobs, particularly r d, 6. 2 , three times as large as jobs in the purely Manufacturing Sector creating new jobs a great deal. When we come to the history of military aircraft industry in korea we begin by assembly in the 1970s and 80s and 90s moving off of the Licensing Industry for f16 in 2000s, jointly pursue helicopters and training aircraft which was advanced and from 2000 when exporting finished products and as of 2017 unmanned planes developing and cooperating with our friends in asia that include the United States. Military aircraft production as of 2016 stands at 3 billion compared to 2013, increasing 36. 5 accounting for 21. 3 of the overall industry production. When it comes to export of military aircraft stood at . 7 billion as of 2017 accounting for 36 of the entire military exports and establishing itself as the major export item as you can see from this slide when it comes to finished aircraft starting with katie why exported to indonesia in 2001 and succeeded in selling an accumulated number of 145 aircraft pieces and accumulated 5. 3 billion of aircraft and this was driven by export driven policy, the weakness that includes the power that is still lacking and complemented by cooperating with other nations like the United States. Let me move on to how to create cooperation between korea and the United States. Arrow industry cooperation needs to be researched to find a common area of support joint development for concerted efforts for more close cooperation but mister president visited rok in november for two leaders of the nation agreed to activate ways to encourage development of stateoftheart technology and Weapons Systems to implement this great idea consulted of system between our nations when it comes to military efforts in this region and further for your reference in 2014 the us established us india t ppi with india, deputy secretary and director cooperating channels respectively, Interagency Task force comes under dod and the director of International Cooperation in charge of this effort through this, jet engine technology, transporters, where the two nations, us and india are actively seeking core operation opportunities, in particular reaction cell within the dod and contributing to increasing roa from 6 to 12 months. And we can come up with trade initiative for military cooperation as stated. I also concur. Through the strengthening of this consultant body the part of the strategys key component for f 35 fighter jets, repair center, good candidates for actual cooperation between our nations. From 2006 through 2015, our weapon imports 36 trillion, making korea on top when it comes to weapons purchased. We outrank even india and japan. 22 trillion and 100 companies and 6 companies the longing to ten military companies. Traditional in place between our two nations and deepen cooperation can be further expanded and donald trump visited korea and exercised consolidating military industry between the two nations, next item. And the new government in seoul, july coped with fourth industry, to promote the military industry identified as one of the key projects according to the analysis, and replied the fourth industry should be applied to military industry to make it to the platform and Service Application further strengthened. In june, cincinnati, ohio. And two nations, in the area of military engine for them as well. And fighter jets, actively imported from the United States, 1000 airplanes, military training simulator, various areas where our two nations in cooperation. Thirdly, military acquisition and military industry should be the area where we should strengthen research. A governmentfunded center, csi s in 2015. I look forward to continuously working together with you with regards to key issues so that we can contribute to the development of the service and quality and more than willing, various partners like private Research Institutes to lay the groundwork, and industries between our nations, to strengthen our cooperation, the lifecycle for instance in the 1990s f16 fighter jets was the major item, the trainer being exported across the world, mentioned as one of the next generation candidates for the trainers of the United States, one of the most successful for bilateral cooperation, joint effort that began 20 years ago with regards to tpp turned out to be a divine move, huge contribution to developing rapid growth in areas between our two nations and i would like to salute those personally involved in developing 20 years ago and we can come up with a second, third model that can be a Great Success story. The top notch technological power of the United States can be coupled with cheap costs that korea has and the great productivity we can pursue joint development, and the past 16 years our two nations pursued military acquisition and military Industrial Development based on mutual effort, korea standing as one of the 6 largest trading partners and a foregone conclusion, 1 trillion worth of trade volume discussed as a good success. Through the seminar we are holding today i hope and believe even the next 30 years we can come up with concrete ideas to lay the groundwork of future cooperation between our nations, thank you so much. That discussion of conversation about the Aerospace Industry it is important to get some actual Aerospace Industry voices involved so i will turn next to Doug Greenlaw for his thoughts from a Lockheed Martin perception. Distinguished visitors, friends, thanks for the opportunity to speak on th