Market Chatter: Hanwha Group Signs MoU with UAE's TQC for Defense System Testing

MT Newswires Live

Feb 20, 2025

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.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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The deal aims to help UAE defense products meet global standards and expand Hanwha's Middle East business.</p><p>Shares of Hanwha Systems fell over 3% in recent trade on Thursday.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. 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