The document was signed at EDGE’s headquarters in Abu Dhabi in the presence of senior executives from both companies. It establishes a framework for further discussions rather than defining the final scope of the partnership.
The companies said the agreement marked an initial step towards a long-term industrial relationship. Their aim is to expand cooperation beyond individual weapons and strengthen both the UAE’s air defence capabilities and its domestic defence industry.
“We are pleased to take this important first step toward building a long-term strategic partnership with EDGE,” said Yang Ki-won, chief executive of Hanwha Systems. “By combining our technologies, capabilities and industrial strengths together, we aim to strengthen the UAE’s defence capabilities and identify new areas of cooperation.”
EDGE and Hanwha will now negotiate the structure and scope of the planned cooperation. Subject to government approval and applicable procedures, the companies will consider creating a joint venture in the UAE.
The negotiations will also address local production and business operations. Technology cooperation and phased localisation are expected to form part of the effort to establish a sustainable manufacturing base in the country.
The term sheet includes the L-SAM long-range surface-to-air missile system and additional M-SAM medium-range capabilities. It also covers Chunmoo, extending the potential cooperation beyond air defence interceptors to a multiple rocket launcher system.
“This cooperation goes beyond the acquisition of individual weapon systems, with a focus on strengthening the UAE’s sovereign air defence capabilities and local industrial base,” said Hamad Al Marar, managing director and chief executive of EDGE Group. “EDGE will work with Hanwha to establish a sustainable framework for industrial cooperation.”
