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South Korea’s third largest shipbuilder, Hanwha Ocean, was quick to deny reports in the media that the company plans to reduce shipbuilding activitie...
Hanwha Ocean decided not to disclose its annual target for shipbuilding orders this year, after the company managed to achieve 57 percent of its goal of winning $7 billion worth of orders last year, according to industry officials, Thursday.
Hanwha Ocean has reportedly entered into a deal to build blocks for Samsung Heavy Industries in a unique cooperation that for the first time sees two...
Samsung Heavy Industries and Hanwha Ocean have failed to meet their annual targets for shipbuilding orders this year as of Thursday, despite favorable market conditions, according to industry officials.
Hanwha Vision, which specializes in video surveillance systems, said on Wednesday that the integration of security cameras and AI and the acceleration of cloud computing are major trends in the security solutions industry in the coming year.
The Australian subsidiary of Hanwha Aerospace signed a 3.1 trillion won ($2.4 billion) deal Friday to sell 129 Redback infantry fighting vehicles to Australia, Korea's arms procurement agency said.
The Australian subsidiary of Hanwha Aerospace has signed a $2.4 billion contract with the Australian government to export 129 Redback infantry fighting vehicles (IFVs), the company and the Defense Acquisition Program Administration (DAPA) announced Friday.