Employees of the U.S. Army Combat Capabilities Development Command Army Research Laboratory (DEVCOM AC) visiting Hanwha Co., Ltd. Yeosu Plant.

Employees of the U.S. Army Combat Capabilities Development Command Army Research Laboratory (DEVCOM AC) visiting Hanwha Co., Ltd. Yeosu Plant.

View original image


[Asia Economy Yang Nak-gyu, Military Specialist Reporter] Hanwha Group is set to engage in joint research and development with the U.S. Army on advanced weapon systems and key components.


On the 16th, Hanwha Corporation and Hanwha Defense announced that they signed a Cooperative Research and Development Agreement (CRADA) with the U.S. Army Combat Capabilities Development Command Armaments Center (DEVCOM AC). This marks the first time a Korean company has entered into such an agreement with the U.S. Army.


CRADA is a system established by the U.S. government to promote technology transfer through research and development collaborations among research institutions, companies, and nations. Under this agreement, both parties will engage in information exchange, technology transfer, joint development, and testing and evaluation of major defense equipment. Depending on the research and development outcomes, commercialization of the technology is also possible. Since DEVCOM AC is currently responsible for the development of U.S. military armaments and ammunition, this collaboration could lead to the development of next-generation weapon systems and ammunition solutions.


Hanwha particularly expects this to be an opportunity to become a partner in major weapon system development projects, as there have been cases where overseas defense companies participated in U.S. military R&D projects through CRADA in the past.



Bernard Chamoux, Vice President of Hanwha Americas, said, "The signing of the CRADA is a historic and encouraging event," adding, "It not only recognizes the growing capabilities of South Korea’s defense sector but will also serve as a catalyst to further strengthen the ROK-U.S. alliance."


This content was produced with the assistance of AI translation services.

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing