SEOUL, Feb. 23 (Korea Bizwire) — Hanwha Aerospace Co., a South Korean aircraft engine maker, is on track to secure anti-drone technology to cope with the threat of unmanned drones. The company announced on Wednesday that it had invested in Fortem Technologies, Inc., a U.S.-based airspace defense and security specialist, under a Simple Agreement for [...]
SEOUL, Nov. 4 (Korea Bizwire) — Hanwha Aerospace Co. of South Korea signed an executive contract, worth US$3.55 billion, with Poland for the supply of Chunmoo multiple launch rocket systems, Seoul’s defense authorities announced Friday. The two sides signed the deal as a follow-up to a framework contract inked last month. It has lifted South [...]
SEOUL, Aug. 23 (Korea Bizwire) — Hanwha Aerospace Co., a South Korean aircraft engine maker, said Tuesday it has received a US$165 million deal to supply an urban air mobility (UAM) component to Vertical Aerospace in Britain. Hanwha Aerospace will supply electromechanical actuators (EMAs) for the VX4, an electric vertical take-off and landing (eVTOL) aircraft, [...]
SEOUL, July 21 (Korea Bizwire) — Hanwha Aerospace Co., a South Korean aircraft engine maker, said Thursday it will jointly develop a key piece of equipment for British manufacturer Vertical Aerospace’s electrical vertical take-off and landing (eVTOL) aircraft. Under the partnership signed at the Farnborough Airshow, Hanwha and Vertical will develop an electromechanical actuator for [...]
SEOUL, Jun. 10 (Korea Bizwire) — Hanwha Aerospace Co., the aircraft engine making unit of defense and finance conglomerate Hanwha Group, said Monday it had signed a deal worth 350 billion won (US$300 million) to buy a U.S. aircraft engine maker in its latest expansion strategy. Under the deal, Hanwha Aerospace will acquire a 100 [...]