Israel Aerospace Industries (IAI) and Hanwha Systems Co., one of South Korea’s leading defense contractors, have signed a Memorandum of Understanding (MoU) to market combat suites for naval platforms to customers around the world and specifically across Asia. The companies each contribute a breadth of experience in naval combat technology, which will greatly enhance the potential for commercial presence across the Asian market. In the context of the MoU, IAI and Hanwha Systems Co. will establish a steering committee to direct and monitor the progress of the collaboration.
Eoh Sung-chul, President and CEO of Hanwha Systems Co., said: “Hanwha Systems has been providing combat systems solutions not only for the Korean Navy, but also for global customers, most representatively the Philippine Navy. I believe that this partnership that we recently concluded with IAI will contribute to strengthening naval combat capabilities of our customers in Southeast Asian countries.”
Boaz Levy, President and CEO of IAI, said: “IAI is honored to sign this MoU with Hanwha Systems Co. to further market naval combat suite solutions. This milestone represents our deep cooperation with our partners in the Korean defense industry. Leveraging cutting-edge technologies and innovation, and based on decades of experience developing and fielding integrated naval suites, sensors, and combat systems, IAI’s innovative naval systems enable navies to protect their national waters even under the most challenging conditions. This, coupled with Hanwha’s experience and expertise, allows for an even greater solution to customers across Asia.”
Israel Aerospace Industries’s family of loitering munitions, electro-optic solutions and naval radars all contribute to the world-class, customer tailored, naval solution offered. Based on a rich technological heritage, delivering naval combat-proven offensive and defensive weapons, sensors, and combat management, Israel Aerospace Industries (IAI) have cooperated with the world’s navies, fielding the latest defense solutions keeping naval fleets and maritime security forces ready for new challenges.