Hanwha Aerospace says its ready to support the South Korean government when it decides how to pursue an indigenous engine program for the KF-21 fighter.
South Korea has contracted Hanwha Aerospace to mass produce a high-powered directed-energy weapon, which the country hopes to operationalize by year's end.
Hanwha Systems says it is moving away from working on multi-function radars in favor of developing multi-mission radars that can respond to diversified aerial threats.
The Republic of Korea Air Force and South Korea's Defense Acquisition Program Administration have confirmed that the L-SAM is on track to enter service in 2028.
Hanwha Systems has broken ground on its new Jeju Hanwha Space Center, a purpose-built South Korea facility for the manufacturing and testing of satellites.
Saudi Arabia will acquire 10 batteries of the KM-SAM Block II medium-range air defense system in a deal worth $3.2 billion, the South Korean Defense Ministry told media.
Beta Technologies has applied for a $150 million loan guarantee from the U.S. Export-Import Bank to finance its electric aircraft manufacturing facility.