Huneed Technologies wins defense award

Korean defense company Huneed Technologies was selected as a top defense company(SME) and received the ROK Defense Minister Award in recognition of its expansion of its defense equipment exports to the United States and in Asia.

The award ceremony was held Wednesday during the 2015 Defense Policy Symposium sponsored by the Defense Acquisition Program Administration (DAPA) and the Korea Defense Industry Association.

The 47-year-old defense company has supplied electrical panels to U.S. Air Force and Navy pilots for F-15 and F/A-18 fighter jets since 2013.

Huneed also supplies defense parts to Singapore and Saudi Air Forces.

“Huneed is setting its goal to position itself by 2020 as a global avionics supplier, both in terms of quality and price competitiveness, in both the military aircraft and commercial markets,” said Huneed Chairman Eugene Kim.

The defense company plans to expand the scale of its export sales to more than $100 million annually.

BY KIM SO-HEE [kim.sohee0905@joongang.co.kr]