SEOUL, Oct. 15 (Korea Bizwire) – Defense giant Hanwha Aerospace Co. said Wednesday it has signed an agreement with U.S. defense company General Atomics Aeronautical Systems Inc. (GA-ASI) to jointly develop a short take-off and landing (STOL) unmanned aerial vehicle (UAV), marking a major step forward in defense industry cooperation between South Korea and the [...]
WASHINGTON, Oct. 14 (Korea Bizwire) – More than a dozen South Korean firms showcased their high-tech military products at an exhibition in Washington on Monday, seeking to create or firm up their presence in the U.S. market, as Seoul and Washington pursue deeper defense industrial cooperation to confront North Korea and other shared challenges. From [...]
SEOUL, Oct. 10 (Korea Bizwire) – Hanwha Aerospace Co., a leading South Korean defense firm, has awarded a US$71 million contract to Electro Optic Systems (EOS) Ltd. of Australia to supply remote weapons system (RWS) units for Canberra’s next generation infantry fighting vehicle (IFV) program. Under the agreement with Hanwha Defence Australia, a subsidiary of [...]