Mediaboss Marketing

London, UK, 20 July 2022 - Hanwha Systems Corporation (HSC) and Hanwha Defense Australia (HDA), Koreas two leading defense companies, have signed a Memorandum of Understanding (MOU) with OneWeb to explore the joint provision of connectivity services to the Australian Defence Market.

At Farnborough International Airshow site in the UK, Hanwha Systems (CEO: Sungchul, Eoh) announced that the company had signed a three-party MoU with Hanwha Defense Australia and OneWeb to discuss their potential participation in "Australian Military Satellite Internet Business.

The MOU will facilitate discussions between the three companies regarding how they may combine their key capabilities to meet competitive requirements for Australian Military Satellite Tactical Internet Program.

Their respective capabilities are: HSC's vehicle type satellite communication terminal solutions and system integration; HDA's K9 self-propelled howitzer and Redback armoured vehicle platforms, etc. and local marketing activities in Australia, thanks to on-the-ground knowledge of the customer; and OneWeb's LEO satellite connectivity services.

By combining OneWeb's high-speed, low-latency LEO (low Earth orbit) satellite connectivity services and HSC's satellite communication antenna, currently under development through a self-funded scheme, HSC is aiming to provide satellite internet solutions for the Australian military customers platforms.

By leveraging HSC's solid track record of high performance C4I system programs for the Korean forces, HSC/HDA have responded to Land 4140 Request for Information (RFI), a multi-layered communications program that will link satellite communication with ground communication networks.

In August last year, HSC invested $300 million (approx. 345 billion as of the time of investment) in OneWeb. Prior to this, in June 2020, HSC also acquired Phasor Solutions, a UK-based satellite communication antenna developer, and incorporated Hanwha Phasor in an effort to secure satellite communication antenna technologies required toconnect several thousands of satellites and ground stations. Hanwha Phasor is now concentrating on the development of next generation antenna designs and developments.

In December 2020, HSC had made a $30 million investment (approx. 33 billion at the time of investment) in Kymeta, a leading ESA company in the US, which was followed by an additional investment in March this year worth $11 million (approx. $13.3 billion at the time of investment), forming a strategic partnership with Kymeta. HSC and Kymeta are collaborating for satellite antenna development and working on developing local and offshore markets.

We are happy to be working with our sister company HSC and with OneWeb to explore opportunities to expand our Australian footprint into the space domain. Hanwha Defense Australia Managing Director Richard Cho said, This is an important growth area for us.

OneWeb is currently scaling up its global satellite constellation with the aim of delivering low latency, and high-speed connectivity services worldwide. 428 satellites have already been deployed, representing almost 70% of the network. The company has initiated services in the Arctic region and is working to expand its capabilities in the coming years to bring coverage for the Australian military and other global markets.

Todays announcement builds on Hanwhas existing investment in OneWeb, made last year, and provides OneWeb with access to new government customers and expanded geographical reach.

Neil Masterson, CEO of OneWeb, commented: We are delighted to be partnering with Hanwha to utilise our satellite connectivity solutions in the Australian defense market. We know firsthand how Hanwhas high-quality technological thinking and development complements the capabilities of OneWebs LEO network, ensuring customers worldwide benefit from improved connectivity.

Mr. Sungchul Eoh, CEO of Hanwha Systems, stated that: We have high hopes on this MOU, which will give us greater opportunities to bring tangible outcomes together, already having made significant investments in this technology area. Going forward, we will cooperate with various companies with competitive technologies, at home and abroad, in order to strength our position in the global market, particularly to approach such countries as Saudi Arabia and Poland, who require satellite internet.

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Hanwha Systems Corporation, Hanwha Defense Australia and OneWeb sign a Memorandum of Understanding (MOU) to explore the provision of satellite...