Hanwha Group signed a memorandum of understanding with the UAE's Tawazun Quality and Conformity at IDEX 2025 to collaborate on testing and qualification assessment of defense systems, Yonhap News reported Wednesday.
Hanwha Aerospace (KRX:012450) and Hanwha Systems (KRX:272210) will collaborate with TQC on defense system testing and qualification under the agreement. The deal aims to help UAE defense products meet global standards and expand Hanwha's Middle East business.
Shares of Hanwha Systems fell over 3% in recent trade on Thursday.
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