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Hanwha ties up with Australian startup for space business

Korea Economic Daily LogoKorea Economic Daily1h ago

Hanwha ties up with Australian startup for space business - Korea Economic Daily

Quick Summary:

The South Korean company expected the two firms to cooperate in various areas as Australia has space infrastructures including rocket launch sites while demand for satellite images in the country is strong to deal with natural disasters such as forest fires.“We aim to strengthen the partnership in the space industry between the two countries based on trusts established through exports of the 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 in December 2021.

Hanwha, South Korea’s answer to Elon Musk’s SpaceX, said on Thursday it signed a memorandum of understanding with Gilmour to collaborate for the space business at the Land Forces 2024 International Land Defence Exposition in Melbourne.

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


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Category: Economy

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News Sentiment: Neutral

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Article Type: News Report

Published On: 2024-09-12 @ 17:26:39 (1 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 206 words

Reading Time: 2 minutes read

Sentences: 10 lines

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Copyright Owner: © Korea Economic Daily

News ID: 22467783

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Official Website: kedglobal.com

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News Last Updated: 2 hours ago

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