An exporting model of Hanwha Systems Co.’s multi-functional radar (PHOTO NOT FOR SALE) (Yonhap)
SEOUL, July 9 (Korea Bizwire) — Hanwha Systems Co., a South Korean defense solutions company, said Tuesday that it has clinched a 1.2 trillion-won (US$866.8 million) deal to supply multi-function radar (MFR) for the Cheongung-II medium-range surface-to-air missile (M-SAM) system, which will be exported to Saudi Arabia.
This deal is part of a larger 4.2 trillion-won contract between South Korean defense firm LIG Nex1 and Saudi Arabia, signed in February, for the export of the Cheongung-II system.
It is Hanwha Systems’ second contract worth more than 1 trillion won, following a previous agreement to provide MFR to the United Arab Emirates last year.
The Cheongung-II system is at the center of South Korea’s missile defense strategy, designed to intercept incoming missiles and aircraft, primarily as a safeguard against threats from North Korea.
Hanwha Systems’ MFR is highly advanced radar that integrates multiple functions, such as detection, tracking, electronic warfare, and missile guidance, into a single system.
The company developed MFR for Cheongung-II in 2020 in cooperation with the state-run Agency for Defense Development, with an improved version, M-SAM MFR Product Improvement Program (PIP), available now.
(Yonhap)
