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Eugene Kim, executive vice president of Satrec Initiative, stated that the company aims to provide some of the highest resolution in the market.
Hanwha Aerospace struck a 109 billion won deal in January to acquire a controlling 30 percent stake in Satrec Initiative by the end of April.
Satrec Initiative plans to expand its business to respond to growing domestic and international demand for SAR, IR, and optical satellite systems.
Satrec Initiative plans to expand its business to respond to growing domestic and international demand for SAR, IR, and optical satellite systems.
Hanwha Aerospace plans to invest approximately $100,000,000 to purchase 30% of the shares of satellite manufacturer Satrec Initiative, with the plan disclosed on 2021-01-14.