Huneed Signs 309 Billion KRW TICN Contract with DAPA, Its Largest Order To Date
Songdo, South Korea - Huneed Technologies Co., Ltd. (Chairman Eugene Kim, www.huneed.com), a leader in tactical communications, has signed contract of $309 Billion Korean Won with the Defense Acquisition Program Administration (DAPA) in South Korea for the second batch mass production of “High-Capacity Trunk Radio System (HCTRS)” for the Tactical Information Communication Network (TICN) program. With this contract, Huneed will deliver HTCRS to the ROK armed forces from 2017 to 2019.
TICN is the next generation tactical communication network to play a pivotal role in the future battlefield via integrating and supporting digital-based high-speed data, voice and video, enabling effective commands, control and tactical communications mission on the move.
The TICN is the largest-scale of tactical communication network program for the ROK Government being executed with total 5.4 trillion Korean Won of budget and Huneed will produce and deliver total 1.4 Trillion Korean Won of HCTRS to the Customer by 2024.
In 2016, Huneed recorded 178.9 Billion Korean Won of revenue including the first batch HCTRS.
Eugene Kim, Chairman of Huneed Technologies, explains "Based on state-of-the-art technology and the know-how in the tactical communications sector, we successfully completed the first batch mass production of the TICN HCTRS. We will continue the research and development efforts and investment in our growing Avionics sector as well as tactical communications.”
About Huneed Technologies Founded in 1968, Huneed Technologies is a leading Korean Defense SME in Communications and Aerospace.
For the past 49 years, Huneed Technologies provided key tactical network equipment and systems to Korea’s armed forces and currently provides the next generation tactical communication backbone (TICN) through the High Capacity Trunk Radio System (HCTRS) platform.
Huneed Technologies continuously holds the position of Boeing Tier-1 supplier and excellent rating. With proven core capabilities in airborne electrical systems and excellence in quality, delivery and value, Huneed Technologies is fast becoming a trusted partner in the global aerospace industry with Airbus Defense & Space, Airbus Helicopters, Safran, Korea Aerospace Industries, Hensoldt, as well as Boeing Defense, Space& Security.