Airbus Helicopters is slated to sign on Monday a contract worth around US$3 billion for the development and production of military and civil helicopters in South Korea, sources close to the matter said on Friday.

The Airbus Group division was sole in the running in talks with Korea Aerospace Industries (KAI), the main South Korean procurement consortium, after other contenders Bell Helicopter, a unit of Textron and AgustaWestland of the Finmeccanica group were ditched, French media had said.

"The signing will take place on Monday at 11:00 a.m. in Seoul", one of the sources said.

Airbus Helicopters declined to comment.