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Hanwha, IAI sign MoU over naval combat capabilities

Hanwha Systems Co and Israel Aerospace Industries have confirmed that the companies have signed a memorandum of understanding to partner on marketing naval combat suites.

Hanwha Systems Co and Israel Aerospace Industries have confirmed that the companies have signed a memorandum of understanding to partner on marketing naval combat suites.

Hanwha and IAI signed a memorandum of understanding this month to market combat suites for naval platforms, with the companies hoping to reach new customers across the globe – with an emphasis on Asian militaries.

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It is expected that the MoU will rely on the expertise of both companies in developing and overseeing naval combat capabilities, which would help grow a potential customer base.

The companies committed to creating a steering committee to undertake the collaboration.

“IAI is honoured to sign this MoU with Hanwha Systems Co. to further market naval combat suite solutions,” Boaz Levy, president and chief executive of IAI, said.

“This milestone represents our deep cooperation with our partners in the Korean defence 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."

Closer to home, Hanwha and Bisalloy Steel earlier this month entered into a global export agreement which would see Australian steel used in the construction of Hanwha’s armoured vehicles.

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Hanwha Defense has signed a memorandum of understanding (MOU) with NSW-based Bisalloy Steel, which is set to supply steel for the manufacture of Redback infantry fighting vehicles (IFVs) and K9 Self-Propelled Howitzers.

The companies have also committed to conducting a joint technical analysis to explore whether Bisalloy steel can be integrated into the vehicles for export to overseas markets.

This includes potential support for Hanwha’s $1.6 billion K9A1EGY contract with the Egyptian Ministry of Defence.

[Related: Hanwha Defense, Bisalloy Steel sign export deal]

Hanwha, IAI sign MoU over naval combat capabilities
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