Hanwha teams up with Australian startup for space business

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Australia has rocket launch sites as well as strong demand for satellite images to deal with natural disasters such as forest fires.“We aim to strengthen our two countries' partnership in the space industry based on the trust established through the export of K9 howitzers and the Redback infantry fighting vehicles,” said a Hanwha official.Hanwha won a $2.4 billion deal to supply the armored vehicles to Australia in December 2023 and inked a $788 million contract to provide the K9 self-propelled howitzers to the country back in December 2021.

Hanwha and Gilmour agreed to seek measures for the use of rocket launch sites in Australia, promote bilateral space industry cooperation, develop new space businesses and more.

Hanwha, Korea’s answer to Elon Musk’s SpaceX, said on Thursday it had signed an MOU with Gilmour on space business collaboration at the Land Forces 2024 International Land Defence Exposition in Melbourne.

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Article Details

Category: Economy

Markets: South KoreaAustralia

Topics: Countries Space Gilmour Land Cooperation Business Hanwha Launch Korea’s 2024 Australia

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-12 @ 17:26:39 (3 days ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 189 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 18 words per sentence (average)

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Copyright Owner: © Korea Economic Daily

News ID: 22516387

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