Israel Aerospace Industries (IAI) and South Korea’s Hanwha Systems will market combat suites for naval platforms to customers around the world, specifically across Asia.
The two companies signed a memorandum of understanding (MoU) under which they will establish a steering committee to direct and monitor the progress of the collaboration.
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 defence industry.”
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, Levy added.
