In a significant development for the global defense industry, Babcock and Hanwha Aerospace have joined forces through a Memorandum of Understanding (MoU) to enhance capabilities across land, air, and sea domains. This strategic collaboration aims to combine the distinct skills of both companies, offering a comprehensive range of products, services, and integrated solutions to address the dynamic challenges faced in the defense sector.
The MoU, formalized during the recent visit of the President of Korea to the UK, establishes the groundwork for the two companies to explore and pursue global business opportunities, with a primary focus on cooperation in the domain of conventional submarines. Leveraging Babcock's extensive experience in supporting defense programs, especially in countries like Canada and Poland, and its expertise in maintenance, repair, and overhaul (MRO), the partnership is poised to deliver innovative solutions.
Jae-il Son, President and CEO of Hanwha Aerospace, expressed the deepening connection with Babcock, emphasizing their commitment to strengthening Korea-UK defense ties. He highlighted the intention to leverage the synergies of the partnership to fortify product offerings and deliver exceptional value to customers worldwide.
David Lockwood, CEO of Babcock, echoed these sentiments, characterizing the announcement as an exciting venture that builds on their longstanding relationship with Hanwha. He emphasized the collaboration's potential to bring together complementary skills and expertise, fostering the creation of innovative solutions for current and future customers across the globe.
The partnership extends beyond conceptualization, with Babcock already engaged in collaboration with Hanwha on the Weapon Handling System for the Korean submarine program. Additionally, the companies have a history of successful joint work on global opportunities, including projects in Poland and the Philippines.
Further solidifying the partnership, Babcock Canada and Hanwha Ocean signed a Technical Cooperation Agreement in June 2023. This agreement enables both companies to share their respective capabilities in shipbuilding and submarine sustainment, supporting projects like the CPSP and the current Victoria In Service Support Contract (VISSC).
Babcock International Group plc, a British aerospace, defense, and nuclear engineering services company headquartered in London, specializes in managing complex assets and infrastructure. The collaboration with Hanwha Aerospace marks a strategic move that aligns with both companies' commitment to delivering cutting-edge solutions in the ever-evolving landscape of global defense.
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Land Force