FCAS Is Dead. KF-21 Is Alive. Here's What That Means for Investors.

As Europe's fighter programs fracture, South Korea's KF-21 is quietly filling the vacuum — and the investment case is building.Europe's joint programs are unraveling. The U.S. F-35 queue is long. Korea's answer is already on the runway.From FA-50 to KF-21 — how South Korea built a defense export machine, and what comes next.The collapse of European fighter cooperation isn't just a defense story. It's a market signal — and KDEF ETF may be the clearest way to act on it.