Hanwha, Saudi gov't to cooperate in defense industry

The firms plan to participate in ground weapons and surveillance systems of of Saudi Arabian Ministry of the National Guard

Hanwha, Saudi gov't to cooperate in defense industry
Hyung-Kyu Kim 1
2024-02-13 15:14:26 khk@hankyung.com
Aerospace & Defense

Hanwha Aerospace Co. and Hanwha Systems Co. announced on Tuesday that they signed a three-party memorandum of understanding (MOU) for defense cooperation with the Saudi Arabian Ministry of the National Guard at World Defense Show 2024, a comprehensive defense exhibition held in Riyadh.

The ministry is an organization established for territorial and border protection, security management, and the protection of the royal and Islamic holy sites.

Under the MOU, Hanwha will participate in the ministry's medium to long-term plans, ranging from ground weapons systems, including armored vehicles, to surveillance systems utilizing robots and satellites.

The cooperation with Saudi Arabia, which aims to locally produce 50% of military supplies by 2030, will expand as part of the defense industry fostering plan.

Write to Hyung-Kyu Kim at khk@hankyung.com
#Hanwha Aerospace #Hanwha Systems #World Defense Show 2024 #Saudi Ministry of the National Guard #ground weapons systems #surveillance systems

Hanwha Systems to develop swift, accurate mine detection tech

Hanwha Systems to develop swift, accurate mine detection tech

Conceptual image of operating AI-based automatic mine detection system based on big data South Korea's Hanwha Systems Co. is set to embark on the development of a mine detection system using big data and artificial intelligence (AI) technology. The company announced on Friday that it has signed

Hanwha Aerospace to export more K9 howitzer to Poland

Hanwha Aerospace to export more K9 howitzer to Poland

K9 self-propelled howitzer (Courtesy of Hanwha Aerospace)  Hanwha Aerospace Co. announced on Monday that it signed a $2.6 billion executive contract with the Polish State Armament Agency to export additional K9 self-propelled howitzers. This contract includes the delivery of 152 units to P

Hanwha Systems to launch small SAR satellite by year-end

Hanwha Systems to launch small SAR satellite by year-end

South Korea's Hanwha Systems Co. announced on Wednesday that it plans to launch its own small synthetic aperture radar (SAR) satellite by the end of the year.The launch is a significant development for South Korea's burgeoning space industry and comes as the government ramps up support for the

SK Enmove, Hanwha Aerospace to develop ESS for vessels

SK Enmove, Hanwha Aerospace to develop ESS for vessels

South Korea’s lubricating oil maker SK Enmove Co. and defense industry company Hanwha Aerospace Co. will jointly develop energy storage systems (ESS) for ships that use immersion cooling technology.Both companies on Tuesday signed an agreement to expand their operations in immersion-ty

Hanwha Aerospace, KATECH to collaborate on hydrogen fuel cell

Hanwha Aerospace, KATECH to collaborate on hydrogen fuel cell

Son Jae-il, CEO of Hanwha Aerospace (left), and Na Seung-sik, President of the Korea Automotive Technology Institute South Korea's Hanwha Aerospace Co. announced on Monday it signed a memorandum of understanding (MOU) with the Korea Automotive Technology Institute (KATECH) to establish a mutual
(* comment hide *}