Biyu Technology Wins Contract for Maintenance Training Simulator for Surion KUH-1

KOSDAQ-listed company Byu Technology (CEO Jin-Yeop Lee) announced on the 19th that it has signed an outsourcing contract for the KUH-1 Surion helicopter maintenance simulator and has begun full-scale business promotion.

This contract involves supplying the maintenance training simulator (MTD) for the Surion utility helicopter KUH (Korean Utility Helicopter) currently used by the South Korean military, with a contract period of one year (January 1, 2024 ? December 31, 2024) and a total project cost of approximately 600 million KRW.

Previously, the company announced orders for a small armed helicopter maintenance training project worth about 1 billion KRW on the 2nd, and a marine corps amphibious assault helicopter maintenance training project worth about 2.6 billion KRW on the 16th. With this contract, the company has secured a total of 4.2 billion KRW in defense sector orders from three projects since the beginning of the year.

The company plans to leverage the contracts already signed to drive technological innovation in the defense sector and establish a stable military business model, especially as the importance of the defense industry grows amid international conflicts such as Russia-Ukraine and Israel-Hamas.

A representative of Byu Technology said, “We are pleased to announce three defense orders at the start of this year,” adding, “By supplying advanced maintenance training simulators, we will contribute to improving the maintenance capabilities of the Republic of Korea Armed Forces.”

They continued, “The reason for the consecutive orders is the recognition of our accumulated technology and know-how in the military supply sector,” and added, “We will work closely with the ordering parties to carry out the tasks flawlessly.”

Meanwhile, Byu Technology, established in 2008, has been operating a stable military business reference portfolio including maintenance training simulators, electronic manuals for combat equipment, and integrated weapon system support for the Army, Navy, and Air Force.

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