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Defense firm Hanwha Systems wins 461.6 bln-won order

All News 16:05 December 29, 2017

SEOUL, Dec. 29 (Yonhap) -- Hanwha Systems, a South Korean solution provider for defense electronics, said Friday that it has inked a deal worth 461.6 billion (US$432 million) with the country's arms procurement agency to set up a tactical information communication network.

The company said the next generation communication system offers advanced mobility and multimedia capabilities to guarantee integrated command and control in the network-centric environment.

The contract is equivalent to 13.12 percent of the company's revenue in 2016.

Hanwha Systems is a wholly-owned subsidiary of Hanwha Techwin. South Korea's Hanwha Group took over Samsung Techwin in 2014 and renamed it Hanwha Techwin.

entropy@yna.co.kr
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