Hanwha to Build Integrated Air Defense Network to Protect UAE Skies
TECHWORLD ·
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Hanwha Systems announced on the 15th that it had signed a Term Sheet related to the UAE integrated air defense network project at EDGE Group's headquarters.
The Term Sheet includes the direction for introducing weapons systems related to the integrated air defense network and phased review items.
The two sides plan to proceed with government approval and consultation procedures, and to review the establishment of a local JV and production and business operations plans.
Hanwha is pursuing the establishment of an integrated air defense network for the UAE with EDGE Group, a state-owned defense company in the UAE. On the 15th, Hanwha Systems announced the signing of a Term Sheet related to the integrated air defense network project at EDGE Group's headquarters.
Representatives and key executives from both companies attended the signing ceremony. The Term Sheet includes the direction for introducing weapons systems related to the establishment of the integrated air defense network.
The Term Sheet also includes phased review items. Hanwha Systems and EDGE Group first prepared an agreement document that outlines the basic conditions for the UAE integrated air defense network project.
Based on this, the two sides plan to gradually flesh out detailed project execution measures in line with the direction of defense cooperation between the two governments. They also plan to proceed with government approval and consultation procedures.
In addition, they plan to review the establishment of a local JV and examine production and business operations plans. They also plan to gradually push ahead with localization to strengthen defense production capabilities in the UAE and to bolster maintenance and repair capabilities there.
Hanwha plans to expand its scope of participation from supplying individual weapons systems to the integrated air defense network project by pursuing strategic cooperation with EDGE Group. Through strategic cooperation with EDGE Group, Hanwha also plans to pursue integration of ground weapons systems such as Chunmoo multiple rocket launchers. Based on this, it plans to expand a multi-layered air defense portfolio that provides integrated defense across short, medium, and long ranges.
The concept centers on long-range and medium-range surface-to-air guided missile systems. It also seeks to promote links with C-UAS and short-range air defense systems. Hanwha aims to complete an integrated air defense network with unmatched performance that, together with the UAE, will lead the global air defense market.
Hanwha plans to develop the UAE as a foothold for expanding into markets in the Middle East and third countries, as well as a strategic base. It also plans to expand local business in the UAE and, based on that, continue to identify joint business opportunities in global markets.
Yang Ki-won, CEO of Hanwha Systems, said the signing of the Term Sheet marks a turning point that transforms the relationship between Hanwha and EDGE into a strategic and cooperative partnership that shares integrated air defense technology and industry. He also said the company plans to gradually expand technology cooperation and localization to help strengthen the UAE defense industry base.
Hamad Al Marar, CEO of EDGE Group, said the purpose of this cooperation goes beyond the introduction of individual weapons systems and has a broader scope, aiming to expand the UAE's independent defense capabilities and the local industrial base in the UAE. He added that EDGE Group and Hanwha plan to establish a foundation for sustainable industrial cooperation to achieve this.
Source: TECHWORLD · Lee Gwang-jae
Original: https://www.epnc.co.kr/news/articleView.html?idxno=407057
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Source: TECHWORLD
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