Israel Aerospace Industries and Hankuk Carbon Sign Memorandum of Understanding to Form A Joint Venture
February 03, 2016 at 12:35 pm EST
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Israeli and South Korean companies have signed a memorandum of understanding to form a joint venture for the development, manufacture, and marketing of vertical-takeoff-and-landing unmanned aerial vehicles. Under the agreement, Israel Aerospace Industries and Hankuk Carbon will begin by developing a vehicle with the maximum takeoff weight of between 441 pounds and 661 pounds primarily for Korea's domestic market.
Hankuk Carbon Co Ltd is a Korea-based company mainly engaged in the manufacture and sale of heat insulation panels. The Companyâs products consist of general materials, such as carbon sheets, which are applied in sports equipment, vehicles, airplanes and architectures; industrial materials, including heat insulation panels, which are applied in liquid natural gas (LNG) carriers, as well as electronic materials used for printed circuit boards (PCBs), and general materials applied in construction industry. Through its subsidiary, it also engages in the wholesale and export proxy business and resource development business.
HANKUK CARBON CO., LTD. 
