Huneed Technologies (Eugene Kim, Chairman / www.huneed.com, KOSPI 005870) held a rollout ceremony of Korean Utility Helicopter-Missile Warning Receiver (KUH MWR) as to celebrate the start of serial production with presence of Chairman Eugene Kim and Andreas Hülle, Vice President Electronic Warfare/Situational Awareness at Airbus DS Electronics and Border Security GmbH (EBS), at the Songdo Headquarters of Huneed Technologies on the 4th of April. The Missile Warning Receiver (MWR) Huneed will be producing is one of the critical electronic warfare systems that will be mounted on four sections of the ROK Surion and detecting the UV (Ultra-Violet) signal from enemy missiles immediately to provide the pilots with time to avoid and take counteraction. Huneed signed the contract with Airbus Defence and Space last year for the MWR module production and export as an offset program. Huneed was able to, with support of Airbus DS, successfully set up a dedicated production line at its facility within four months and the first article production in five weeks, which have set the record in the company’s history and highly recognized as a superior global business cooperation and performance. Eugene Kim, Chairman of Huneed, commented, “This project is the first business case and partnership between Huneed and Airbus Group, one of the world’s largest aerospace companies. We are very pleased to be able to efficiently set up the MWR production line to start the serial production within one year after program go-ahead along with Airbus’s dedicated support.We would also like to express our appreciation to DAPA and Offset officials for all the support provided to bring successful outcomes. Based on aforementioned result, Huneed will expand its cooperation with Airbus and strive to position itself as a global avionics supplier.” Huneed will be exporting the first batch of core modules of MWR to EBS this year, which is 1.6 million dollars. Huneed is expecting to expand the supply to the follow-on programs of Surion (KUH) as well as to EBS for its global market demands in near future.