Babcock has signed a Memorandum of Understanding (MoU) with Hanwha Aerospace to offer enhanced capabilities across land, air and sea domains, by bringing together the companies’ combined skills through a collaborative range of products, services and integrated solutions.
Under the agreement, which was signed during the President of Korea’s recent visit to the United Kingdom (UK), the companies will work together to pursue global business development opportunities, with an initial focus on opportunities to cooperate on conventional submarines.
Babcock and Hanwha Aerospace partnership
This new partnership will benefit from Babcock’s long-standing experience supporting defence programmes in countries, such as Canada and Poland, as well as its expertise in maintenance, repair and overhaul (MRO), alongside Hanwha Aerospace’s extensive expertise in global aerospace and defence equipment.
Babcock's Chief Executive Officer (CEO), David Lockwood, said: “This announcement builds on our longstanding relationship with Hanwha in both the defence and energy sectors. This is an exciting venture that will see our organisations bring together complementary skills and expertise to forge innovative solutions for our current and future customers across the globe.”
Babcock and Hanwha Aerospace sign MoU
This Memorandum of Understanding deepens our already strong connection with Babcock"
Jae-il Son, President and Chief Executive Officer (CEO) of Hanwha Aerospace, said: “This Memorandum of Understanding deepens our already strong connection with Babcock, as well as our dedication to Korea-UK defence ties as we work together to address global defence challenges.”
Jae-il Son adds, “As we move forward, we are keen to leveraging the synergies of this partnership to strengthen our product offerings and give exceptional value to our customers around the world.”
Babcock is currently working with Hanwha on its Weapon Handling System for the Korean submarine programme and has strong existing relations with Hanwha Ocean through joint work on global opportunities, including the Poland and Philippine submarine projects.
Babcock and Hanwha sign Technical Cooperation Agreement
In June 2023, Babcock Canada and Hanwha Ocean Signed a Technical Cooperation Agreement enabling both companies to share their respective capabilities in shipbuilding and submarine sustainment, in support of the CPSP and the current Victoria In Service Support Contract (VISSC).
