South Korea’s DSME Officially Rebranded ‘Hanwha OCEAN’
The acquisition of DSME by Hanwha Group has been formally approved. The newly created company will be known as Hanwha OCEAN.
26 Apr 2023
The acquisition of DSME by Hanwha Group has been formally approved. The newly created company will be known as Hanwha OCEAN.
19 Dec 2022
Hanwha Group officially acquired Daewoo Shipbuilding & Marine Engineering (DSME) on December 16th in a deal worth 2 trillion Korean won (over $ 1.5 billion).
27 Sep 2022
Hanwha Group signed a memorandum of understanding (MoU) with Daewoo Shipbuilding & Maritime Engineering (DSME) on September 26, acquiring 49.3 percent of the South Korean Shipbuilder's shares.
10 Mar 2022
Hanwha Systems has secured a contract to supply combat systems for the Philippine Navy's new 3,100-tonne corvette, which will be manufactured by HHI...
17 Feb 2022
Israel Aerospace Industries (IAI) and South Korea's leading defense firm Hanwha Systems have joined forces to market combat suites for naval platforms to customers worldwide, particularly in Asia.
15 Jun 2021
At MADEX 2021, the naval defense show held last week in South Korea, Hanwha Systems unveiled its planned Integrated Combat System for the FFX Batch-III (also known as FFX III or Ulsan-class) frigates.
11 Jun 2021
Hanwha Systems unveiled its design for the Republic of Korea Navy (ROKN)’s new CWIS-II program at MADEX 2021. It claims that the new design will provide a marked improvement over past systems.
10 Jun 2021
Hanwha Defense is for the first time showing a new version of the Korean Vertical Launch System (KVLS) during MADEX 2021, being held from June 9 to 12 at BEXCO, Busan.
24 Sep 2020
South Korea's Hanwha Systems has been chosen as the preferred bidder for the KDDX Combat Management System (CMS) and Multi-Function Radar (MFR) developments and production. KDDX is the Republic of Korea (ROK) Navy next generation destroyer program.
02 Mar 2020
GE’s Power Conversion business and Hanwha Aerospace signed a Memorandum of Understanding (MOU) whereby the parties will work together to bring electric propulsion solutions to the Republic of Korea (ROK) Navy for its new, six-ship KDDX destroyer program.