SEOUL, Apr. 23 (Korea Bizwire) — South Korean defense firm Hanwha Aerospace Co. is expected to export an additional batch of Chunmoo multiple launch rocket systems (MLRS) to Poland, a deal estimated at around 2.2 trillion won (US$1.6 billion), multiple sources said Tuesday. A Polish delegation, led by Deputy Defense Minister Pawel Bejda, plans to [...]
SEOUL, Apr. 5 (Korea Bizwire) — Hanwha Aerospace Co., a South Korean defense company, said Friday it will focus on the defense and aviation business after spinning off two affiliates by September. Hanwha Aerospace will spin off its two wholly owned units — artificial intelligence solutions firm Hanwha Vision and semiconductors equipment maker Hanwha Precision [...]
SEOUL, Dec. 4 (Korea Bizwire) — Hanwha Aerospace Co., a South Korean defense company, said Monday it has signed a 3.45 trillion-won (US$2.62 billion) contract with the Polish government to provide 152 K9 self-propelled howitzers to the European country by 2027. The deal forged with Warsaw’s Armament Agency is part of a larger framework agreement [...]
SEOUL, Oct. 19 (Korea Bizwire) — Hanwha Aerospace Co. said Thursday it won a 235.6 billion-won (US$174 million) component supply deal from British aircraft manufacturer Vertical Aerospace Ltd. Under the deal, the South Korean aerospace company will provide tilting and blade system components to be used in the VX4, Vertical Aerospace’s unmanned electric vertical take-off [...]
SEOUL, May 30 (Korea Bizwire) — Hanwha Aerospace Co. said Tuesday it is joining a US$50 million fund for a U.S. materials science company that owns a unique nano-coating technology for secondary batteries and energy storage systems for use in mobility vehicles and commercial vessels. Hanwha Aerospace is participating in a round of Series C [...]
SEOUL, April 26 (Korea Bizwire) — Hanwha Aerospace Co., an aerospace business unit of chemical-to-financial conglomerate Hanwha Group, has invested in an Israeli startup that is developing anti-jamming technology to prevent global positioning system (GPS) signal interference. The company on Tuesday announced its participation in the Series A investment round for infiniDome in collaboration with [...]
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 [...]