Hanwha and Babcock agree partnership
Hanwha Aerospace and Babcock International have signed a memorandum of understanding to explore global business development opportunities.
“This new partnership will benefit from Babcock’s long-standing experience supporting defence programmes in…
Hanwha Aerospace and Babcock International have signed a memorandum of understanding to explore global business development opportunities.
“This new partnership will benefit from Babcock’s long-standing experience supporting defence programmes in countries such as Canada and Poland, as well as its expertise in Maintenance, Repair and Overhaul (MRO), alongside Hanwha Aerospace’s extensive expertise in global aerospace and defence equipment,” the companies said.
The partnership, with an initial focus on opportunities to cooperate on conventional submarines, underscores the strengthening of defense cooperation between Korea and the UK.
Hanwha Aerospace’s commitment to investment and involvement within the UK Defense Sector is expected to help broaden the realm of industrial cooperation between Hanwha Group and UK partners over a wide range of sectors, including aerospace, shipbuilding, communications, and energy solutions.
Babcock defence ties
Jae-il Son, President and CEO of Hanwha Aerospace, said: “This memorandum of understanding deepens our already strong connection with Babcock, as well as our dedication to Korea-UK defence ties as we work together to address global defence challenges.
“As we move forward, we are keen to leveraging the synergies of this partnership to strengthen our product offerings and give exceptional value to our customers around the world.”
Hanwha Ocean, an affiliate of Hanwha Aerospace, and Babcock signed a Technical Cooperation Agreement earlier this year, cooperating to share their respective capabilities in shipbuilding and sustainment in support of the Canadian Patrol Submarine Project(CPSP) and the current Victoria In Service Support Contract(VISSC).
David Lockwood, Babcock CEO, said: “This announcement builds on our longstanding relationship with Hanwha in both the defence and energy sectors.
“This is an exciting venture that will see our organisations bring together complementary skills and expertise to forge innovative solutions for our current and future customers across the globe.”
Subscribe to the FINN weekly newsletter
You may also be interested in:
Hanwha Aerospace to establish new US base
