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Hanwha Systems |
[Alpha Biz= Reporter Kim Sangjin] Hanwha Systems announced on the 9th that it will supply the Multi-Function Radar (MFR) for the MSAM-II (Cheongung-II), a mid-range surface-to-air missile system that Saudi Arabia decided to acquire in February.
Hanwha Systems disclosed that it signed a production contract worth approximately 1.2 trillion won with LIG Nex1 for the "SA-MSAM project MFR sector." Earlier, in February, Saudi Arabia had signed a $3.2 billion (approximately 4.2512 trillion won) export contract for the Cheongung-II with LIG Nex1.
The Cheongung-II system includes launchers developed and produced by LIG Nex1, radars by Hanwha Systems, and launchers and vehicles by Hanwha Aerospace.
This contract marks Hanwha Systems' second large-scale export deal, following its multi-billion-dollar export to the United Arab Emirates (UAE) in 2022.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
