Why small guns have been critical to layered CUAS architectures
Multiple countries have been deploying small arms as the last line of drone defence due to their multiple operational and tactical advantages.
Hanwha Group is set to expand into naval shipbuilding
DSME has been struggling financially for years, and Hanwha Group is set to take a major stake in the shipbulder. (Photo: DSME)
Hanwha is broadening its portfolio, with a bid to take a controlling stake in shipbuilder DSME likely to proceed.
Hanwha Group of South Korea announced on 26 September that it had signed a conditional MoU to take a managerial controlling stake in Daewoo Shipbuilding & Marine Engineering (DSME).
This was a preliminary agreement to secure a 49.3% stake – worth some KRW2 trillion ($1.4 billion) – in the debt-ridden South Korean shipbuilder.
However, the agreement requires that no other competitive bidder better Hanwha’s offer before a deadline of 17 October.
In 2021, the ailing DSME suffered operating losses amounting to KRW1.7 trillion, and nearly KRW600 billion in the first half of this year. A 51-day strike by DSME subcontracted
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