Zenoco Wins 11.3 Billion KRW Tactical Information Communication System Project with Hanwha Systems

Genoco announced on the 17th that it has won the MRO (Maintenance, Repair, and Overhaul) project for the Tactical Information Communication Network (TICN) from Hanwha Systems.

Through this contract, Genoco will be responsible for Hanwha Systems' upcoming "2024 Tactical Information Communication Network Performance Based Logistics (PBL) project." The contract size is approximately 11.3 billion KRW.

TICN is a future-oriented military system that integrates military communication networks digitally instead of the existing analog method, supporting high-speed, large-capacity wired and wireless data transmission. PBL is a project where the developer of a weapon system supports subsequent maintenance projects such as development, deployment, operation, and maintenance to ensure stable operational rates of major military supplies.

A Genoco representative said, "We have succeeded in entering the MRO market through the contract with Hanwha Systems, recognizing the defense technology accumulated by the company so far," and added, "Last year, Genoco signed an MOU with the global satellite communication company Viasat to establish an exclusive domestic satellite MRO center, raising expectations for the MRO business."

He continued, "Through this contract, we aim to enhance our capabilities in the defense sector's MRO business and expand into the satellite sector in the future."

Meanwhile, Genoco has continued to set a record for the largest order backlog through new orders. In the first quarter, it achieved the largest order backlog ever of 97.3 billion KRW. With this contract reflected, it has broken the record again in just four months.