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Biz News Korea(Eng)
Hanwha Group rationalizes post-merger defense units
- Collected
- 2016.10.18
- Distributed
- 2016.10.19
- Source
- Go Direct
이미지 확대Hanwha Techwin Co., one of the conglomerate’s defense arms, said Monday in a regulatory filing that it will transfer its subsidiary Hanwha Defense Systems Corp.’s laser weapon and navigation equipment manufacturing businesses to Hanwha Corp.
As a result, Hanwha Corp. has secured laser weapons in its business portfolio which would help the company to complement its set of precision-guided munitions, including its root and mainstay explosives and missiles.
Hanwha Techwin Co. will solely take on unmanned systems and underwater surveillance equipment business that itself and other two affiliates - Hanwha Corp. and Hawha Systems Co. - specialize in. It aims to become prominent player in the field of firepower and unmanned systems by incorporating auto-driving robots into its mainstay self-propelled artillery.
Hanwha Systems will specialize in defense electronics, armed with command, control, communications, computer, and intelligence (C4I) systems, electro-optical targeting systems, tracking radar systems.
Hanwha Defense Systems will focus on ground combat systems such as armored vehicles and air defense systems.
A company official at Hanwha Group said the firm’s defense business needed realignment after a series of mergers and acquisitions in the sector over the past several years.
By Kim Jung-hwan
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