Terran Orbital and Hanwha Systems Sign Memorandum of Understanding
26 6월 2024 - 7:30PM
Business Wire
Today, Terran Orbital Corporation (NYSE: LLAP) (“Terran Orbital”
or the “Company”), a global leader in satellite-based solutions
primarily serving the aerospace and defense industries, announced
the signing of a Memorandum of Understanding (MOU) with Hanwha
Systems. This MOU solidifies their strategic partnership, marking a
significant milestone in their collaborative efforts to develop
state-of-the-art solar and satellite solutions through Hanwha
Systems and its subsidiary, Flexell Space.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240626774432/en/
Co-Founder, Chairman, and CEO of Terran
Orbital Marc Bell (Left) and Tim Ahn (Right) Chief Executive
Officer of Flexell Space, a subsidiary of Hanwha Systems, signing
the Memorandum of Understanding. Photo Credit: Terran Orbital.
This strategic partnership aims to bolster the defense
capabilities of both the United States and South Korea by providing
cutting-edge solutions to the warfighter and establishing a robust
supply base.
As part of this collaboration, Terran Orbital and Hanwha Systems
will work together on satellite manufacturing, including solar
cells, and cooperate in the defense industry in both the US and
South Korea. This strategic move will enable both companies to
co-create joint solutions tailored for government bids, thereby
advancing their mission objectives.
Highlights of the Collaboration:
- Collaborative Research & Development on Satellite Power
Systems: The MOU establishes a framework for joint research and
development efforts, fostering innovation and leading to
breakthroughs in solar technology for satellites with Flexell
Space.
- Next-Generation Satellite Technologies: The partnership
will focus on delivering the latest satellite technologies,
providing a strategic edge in various defense scenarios.
- Resource and Knowledge Sharing: By sharing resources,
knowledge, and best practices, Terran Orbital and Hanwha Systems
aim to accelerate the development cycle, enhance product
performance, and deliver cost-effective solutions to defense
customers.
- Geographic Expansion: Both companies will expand their
presence, with Terran Orbital establishing a footprint in Korea and
Flexell expanding into the USA.
“We are thrilled to announce our strategic partnership with
Hanwha Systems. This collaboration marks a significant milestone,
enabling us to expand our satellite solutions and deliver
unparalleled service to a broader customer base across Asia.
Together, we are poised to drive innovation and elevate the
standards of excellence in the satellite industry,” stated Marc
Bell, Co-Founder, Chairman, and Chief Executive Officer at Terran
Orbital.
“Flexell's ability to mass-produce these advanced solar cells
not only addresses existing market bottlenecks but also exceeds
performance requirements, positioning us as a game-changer in the
realm of space solar technology. We look forward to strengthening
our position in the global satellite industry through a variety of
technical collaborations with Terran Orbital,” said Tim Ahn, Chief
Executive Officer of Flexell Space, a subsidiary of Hanwha
Systems.
The MOU underscores the shared vision and mutual commitment of
Terran Orbital and Hanwha Systems to drive innovation and deliver
cutting-edge satellite solutions, reinforcing their leadership in
the aerospace and defense sectors.
Explore Industry-Leading Space Vehicle Platforms
To learn more about Terran Orbital’s industry-leading space
vehicle platforms and end-to-end mission support, visit: Terran
Orbital Space Vehicle Platforms.
About Terran Orbital
Terran Orbital is a leading manufacturer of satellite products
primarily serving the aerospace and defense industries. Terran
Orbital provides end-to-end satellite solutions by combining
satellite design, production, launch planning, mission operations,
and on-orbit support to meet the needs of the most demanding
military, civil, and commercial customers. Learn more at
www.terranorbital.com.
About Flexell Space
Flexell Space operates as an in-house company led by aerospace
& energy experts from Hanwha Systems. Flexell primarily focuses
on the development and manufacturing of space solar cells, aiming
to provide differentiated products for our customers in the space
industry. Flexell is dedicated to achieving groundbreaking cost
reductions and technological advancements in the space industry,
making strides not only in satellite manufacturing markets but also
in space based solar power and space exploration missions. Learn
more at https://flexellspace.com/.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240626774432/en/
Juliana Johnson Public Relations pr@terranorbital.com
949-508-6404
Soojin Kim Hanwha Systems Communication Team
Soojin16444@hanwha.com
Terran Orbital (NYSE:LLAP)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
Terran Orbital (NYSE:LLAP)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024