Hanwha Systems has awarded a 45 billion won deal by the Defense Industry Technology Center’s research and development project to develop a next-generation space radar that can detect and track space objects with precision.
According to the defense and information technology service unit of Hanwha Group, Hanwha Systems will develop three core technologies for the next five years.
It includes the precise detection and tracking system for space objects and an adaptive optical system that shoots radar to the sky and provides clear images of space regardless of different atmospheric conditions.
Hanwha Systems CEO Kim Youn-Chul vowed that his company, through the R&D program, will do its best to help the military to establish independent space surveillance and patrol system.
With the increasing number of satellites launched by various countries, the space radar will help South Korea address collisions in space and react to space debris falling to Earth.


WuXi AppTec Stock Surges on Strong Q1 Earnings and CRDMO Demand Growth
Meta Raises 2026 Capex Outlook Amid AI Spending Surge, Shares Drop After Earnings
Samsung Reports Record Profit as AI Boom Drives Memory Chip Demand
Standard Chartered Q1 Profit Hits Record on Wealth and Investment Banking Growth
AstraZeneca Q1 2026 Earnings Surge on Strong Oncology and Rare Disease Drug Sales
TSMC Exits Arm Holdings with $231 Million Share Sale Amid Strategic Portfolio Shift
Novartis Q1 2026 Earnings Miss Expectations as Generic Competition Pressures Sales
Supreme Court Asked to Reinstate Mail-Order Access to Abortion Pill Mifepristone
Apple Q2 2026 Earnings Surge as iPhone 17 Sales Drive Record Revenue
Microsoft Azure Growth Forecast Beats Expectations Amid Rising AI Competition
Alphabet Earnings Surge on AI Growth, Cloud Revenue, and Strong Search Performance
Qualcomm Stock Surges Despite Weak Guidance After Q2 2026 Earnings Beat
Ford Q1 Earnings Beat Expectations, Stock Surges on Strong Guidance
Robinhood Q1 Earnings Miss Expectations, Stock Drops After Hours
Amazon Stock Dips Despite Record Earnings as AI Infrastructure Spending Surges
Pershing Square Raises $5 Billion in Landmark U.S. IPO and Share Placement 



