Babcock partners with Hanwha Aerospace
Image courtesy Babcock
Under the agreement, which was signed during the President of Korea’s recent visit to the UK, the companies will work together to pursue global business development opportunities, with an initial focus on opportunities to cooperate on conventional submarines.
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 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”.
Jae-il Son, President and 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,” said “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.”
