SEOUL, April 10 (Korea Bizwire) — Hanwha Systems, a South Korean defense firm, has unveiled a radar prototype for the long-range surface-to-air missile (L-SAM) interception system under development, in a sign of progress in the country’s missile defense technology. The company revealed to reporters the prototype of the multi-function radar (MFR) at its research center [...]
SEOUL, March 16 (Korea Bizwire) — Hanwha Systems Co., the defense and ICT unit of South Korean conglomerate Hanwha Group, said Wednesday it has invested US$11 million in a U.S. flat panel satellite antenna developer, as it advances its push for space communications technologies. The latest funding for Kymeta Corp., located in the Washington state, [...]
SEOUL, Dec. 17 (Korea Bizwire) — British helicopter operator Bristow Group Inc. has pre-ordered about 20-50 electric air mobility aircraft being jointly developed by South Korea’s Hanwha Systems Co. and U.S. Overair, according to industry sources Friday. Overair, the California-based air taxi startup, signed a memorandum of understanding with Bristow on Thursday (local time), to [...]
SEOUL, Oct. 21 (Korea Bizwire) — Hanwha Systems Co., the defense and ICT unit of Hanwha Group, said Thursday it has signed partnership deals with two Israeli defense companies to push for its export of an advanced radar system and cooperation in aviation technologies. Hanwha Systems said it clinched the agreements with Israel’s Elta Systems [...]
SEOUL, Aug. 12 (Korea Bizwire) — Hanwha Systems Co., the defense and ICT unit of Hanwha Group, said Thursday it will invest US$300 million in London-based satellite communications company OneWeb to join the growing space development race in the private sector. Hanwha will acquire an 8.8 percent stake in the company through the investment, which [...]
SEOUL, March 29 (Korea Bizwire) — Hanwha Systems Co., the defense and ICT unit of Hanwha Group, said Monday it will raise 1.2 trillion won (US$1.06 billion) by selling stocks to finance new growth drivers. Hanwha Systems said it will give the existing shareholders the right to buy 78.68 million shares at 15,250 won per [...]
SEOUL, Nov. 16 (Korea Bizwire) — A South Korean company has been selected to develop an artificial intelligence (AI) staff officer that would provide analysis and statistical information for decision-making by military commanders. Hanwha Systems Co., a solution provider for defense electronics, recently announced that it was selected as a prime negotiator by the Agency [...]