Israel Aerospace Industries (IAI) and Hanwha Systems 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 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.
“IAI is honored to sign this MoU with Hanwha Systems Co. to further market naval combat suite solutions,” said Boaz Levy, President and CEO of IAI. “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.”