Military
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LIG Nex1 selected to develop protoype of interceptor missile for dome-shaped air defense shield
SEOUL -- LIG Nex1, a defense contractor in South Korea, was selected for a deal to deliver the prototype of an interceptor missile, marking the official beginning of a much-heralded military program to develop a dome-shaped air defense shield that intercepts North Korea's long-range artillery shells. The contract worth about 11.3 billion won ($8.5 million) is part of a research and development project that "integrates the prototype of a long-range artillery interception sy
16 November 2022
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Hanwha Systems secures deal to deliver prototype of radar for dome-shaped air defense system
SEOUL -- Hanwha Systems, a key defense contractor affiliated with South Korea's Hanwha Group, has secured a deal from a state defense technology development agency to deliver the prototype of a radar for a dome-shaped air defense system that intercepts North Korea's long-range artillery shells and cruise missiles sneaking across the tightly guarded inter-Korean border. In a regulatory filing on November 15, Hanwha Systems said it has signed a contract worth 51.2 billion won
15 November 2022
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Poongsan's military ammunition gains attention due to war in Ukraine
SEOUL -- Poongsan Corp., a producer of fabricated non-ferrous metal products and military ammunition in South Korea, has been a hermitic company with little publicity. However, its defense business gained unexpected attention due to Russia's invasion of Ukraine. The company has produced almost all kinds of ammunition used in the military. Poongsan has secured its exclusive position in South Korea's military ammunition market since it jumped into the production of bullets
11 November 2022
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Norway signs option contract with Hanwha Aerospace to purchase four more K9 self-propelled howitzers
SEOUL -- Norway has signed an option contract with South Korea's Hanwha Aerospace to purchase four more K9 self-propelled howitzers and eight ammunition resupply vehicles for delivery over the next two years. As the northernmost NATO member in Europe, the Nordic country sharing a land border with Russia has increased its defense budget to compensate for the shipment of howitzers and other military equipment to Ukraine. Hanwha Aerospace said that the latest contract signed on N
8 November 2022
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Hanwha Systems clinches contract to provide thermal optic aiming devices for K15 light machine guns
SEOUL -- Hanwha Systems, a key defense contractor affiliated with South Korea's Hanwha Group, has clinched an arms contract worth about 160 billion won ($113 million) to provide thermal optic aiming devices for K15 light machine guns. It is equipped with telescope sight so that users can quickly aim and shoot day and night. Under a contract with the Defense Acquisition Program Administration (DAPA), a state arms procurement body controlled by the defense ministry, Hanwha Systems
2 November 2022
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Development of unmanned infantry search vehicle begins for mass production
SEOUL -- South Korea's state defense technology development agency embarked on a military project to complete the development of an unmanned search vehicle for mass production and deployment in mechanized infantry divisions and armored brigades to perform various front-line missions such as search, reconnaissance and vigilance. The project that requires 28.4 billion won ($91 million) by September 2026 is aimed at developing core infantry equipment for the future battlefield,
2 November 2022
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KAI clinches new deal to produce attack helicopters for marine force
SEOUL -- Korea Aerospace Industries (KAI), the sole aircraft maker in South Korea, has clinched a deal worth about 430 billion won ($303 million) from a state arms procurement agency to convert a homemade landing helicopter for marine troops into an attack helicopter armed with air-to-air guided missiles, a turret-type machine gun, rockets, and air-to-ground guided missiles. Three prototypes will be made for 46 months, using Marineon, the amphibious variant of South Korea's hom
28 October 2022
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LIG Nex1 selected as preferred bidder to develop new shipborne electronic warfare system
SEOUL -- LIG Nex1 has been selected as a preferred bidder for South Korea's military project to develop a next-generation shipborne electronic warfare system with an improved ability to respond to electromagnetic waves. The system can identify enemy electromagnetic activity early, perform electron attacks at a greater distance, and improve the viability and attack ability of warships. The Defense Acquisition Program Administration (DAPA) aims to develop a system that can detect
25 October 2022
