Korea Aerospace Industries (KAI) has won a contract from South Korea’s Agency for Defense Development (ADD) to develop and build a network of surveillance satellites, the company said in a stock exchange filing on 5 December.
KAI said the deal, which reportedly features five satellites, is worth KRW588 billion (USD530 million) and calls on the company to deliver the satellites by 2025 in collaboration with its project partners. These include domestic firm Hanwha Systems and Franco-Italian company Thales Alenia Space, a joint venture between Thales and Leonardo.
KAI added that the programme – known as the 425 Project – will feature the development, testing, and production of satellites with synthetic-aperture radar (SAR) and electro-optical/infrared capabilities, enabling the generation of high-resolution remote sensing imagery.
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