Naval Shield Integrated Combat Management System

[adroth]

https://www.kdia.or.kr/eng/4/1/memProduction_view.do?production_id=20141024094638115100


Company   Hanwha Systems Co., Ltd.
Hompage   http://www.hanwhasystems.com/front/main/main.do
Tel   02-729-3030
E-mail   sstc@samsung.com

[adroth]

Thales to sell 50% stake in Samsung joint venture

By Korea Herald
Published : Mar 9, 2015 - 19:35 Updated : Mar 9, 2015 - 19:35

http://www.koreaherald.com/view.php?ud=20150309001015
      
Thales, Europe’s biggest defense electronics company, plans to sell its 50 percent stake in Samsung Thales to the company’s new owner Hanwha Group, multiple sources said Monday.

“An official announcement is imminent as their talks are being finalized,” said a source familiar with the matter.

“Thales considers Hanwha less attractive as a partner. For the same reason, Total is also looking to sell its stake in its joint venture with Samsung.”

Samsung Thales is a 50-50 joint venture between Samsung and Thales established in 2001. It has engaged in the design and development of digital defense technologies and systems.

The alleged sell-off plan comes after Samsung announced in November it would sell four chemical and defense units to Hanwha, a South Korean family-run conglomerate, in a deal estimated at 1.9 trillion won ($1.72 billion).

< Edited >

“But Hanwha is little known outside Korea, except for some presence in the Middle East,” he said, adding that Thales will continue its Korean business through its regional unit.

Another source said the Thales management was also greatly disappointed with Samsung’s surprise announcement of the Hanwha deal.

“A Thales executive from the French headquarters said they were informed about the deal one day before the official announcement in Seoul,” he said.

Following the departure of foreign partners, industry watchers predict that Hanwha could experience financial pressure when its resources are already tight from funding the Samsung deal.

“But in the longer term, the financial burden would be relieved considering the generous dividends that have been offered to the foreign shareholders,” said a market analyst who wished to be unnamed due to the sensitivity of the issue.

< Edited >

[adroth]

Hanwha Group to Acquire Remaining 50% Stake in Hanwha Thales
SEOUL, KOREA
28 July 2016 - 11:00am

http://businesskorea.co.kr/english/news/industry/15374-thales%E2%80%99-decision-hanwha-group-acquire-remaining-50-stake-hanwha-thales

Thales Group, a French multinational aerospace and defense company, has decided to sell its 50 percent stake in Hanwha Thales to Hanwha Group.

When Samsung sold its defense unit to Hanwha last year, Thales and Hanwha signed a put/call option agreement for Thales' 50 percent share in Hanwha Thales, former Samsung Thales. Under the agreement, Thales has a put option that allows it the right to sell its 50 percent stake to Hanwha one year after Hanwha Group completes the acquisition process, while Hanwha is given a call option to buy the shares.

Accordingly, Thales has had the right to exercise the put option for 40 days from June 29 to August 7 and Thales officially notified Hanwha of the sale of all of its shares, amounting to 50%, at the price of 288 billion won (US$253.86 million).

Hanwha Thales is the nation’s first defense joint venture established in 2000 by Samsung Electronics’ defense unit and France’s Thales with the stake ratio of 50:50. The joint venture has grown with research and development in advanced defense electronics products, such as radar, command and control and communications and command and control.

Hanwha Group plans to accept Thales’ decision and continuously maintain and expand the partnership between the two companies, although the joint venture will be wholly owned by Hanwha.

< Edited >

[adroth]

From: http://www.cambridgepixel.com/files/CaseStudies/cs_stc.pdf

[adroth]

From: http://www.defenseindustrydaily.com/ffx-koreas-new-frigates-05239/

[adroth]

Time to capture this so that folks can contrast this with what ACTUALLY comes out. Two dates to note:

October 20, 2017 (US Pacific Time): When this article came out
June 2017: The date of a critical conference that key folks were not invited to . . . resulting in memes being created in social media.

The following was posted on the forum's FB extension here:

https://m.facebook.com/groups/781170378635478?view=permalink&id=1463320303753812&ref=m_notif&notif_t=like

[adroth]

https://m.facebook.com/groups/781170378635478?view=permalink&id=1463320303753812&ref=m_notif&notif_t=like

Point by point rebuttals are not possible at this time. This is something long-time forum members who are privy to the details of the project all agree on this point.

However . . . there is one small point that can be can be given a response. Folks are free to put things together themselves.

Note this is not argument for and against Naval Shield. But facts are facts.



From the AFP Modernization Law

[REPUBLIC ACT NO. 10349]

AN ACT AMENDING REPUBLIC ACT NO. 7898, ESTABLISHING THE REVISED AFP MODERNIZATION PROGRAM AND FOR OTHER PURPOSES

Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:

SECTION 1. Section 4(b), (d) and (e) of Republic Act No. 7898, otherwise known as the “AFP Modernization Act”, is hereby amended to read as follows:

“SEC. 4. Components of the Revised AFP Modernization Program. – The Revised AFP Modernization Program shall consist of the following components:

“(a) x x x

“(b) Capability, materiel, and technology development – The AFP Modernization Program entails the development and employment of certain capabilities that can address the assessed threats: Provided, That the acquisition of air force, navy and army equipment and materiel of such types and quantities shall be made in accordance with the need to develop AFP capabilities pursuant, to its modernization objectives: Provided, further, That the acquisition of new equipment and weapons systems shall be synchronized with the phase-out of uneconomical and obsolete major equipment and weapons systems in the AFP inventory: Provided, even further, That no major equipment and weapons system shall be purchased if the same are not being used by the armed forces in the country of origin OR used by the armed forces of at least two countries: Provided, furthermore, That only offers from suppliers who are themselves the manufacturers shall be entertained: Provided, finally, That no supply contract shall be entered into unless such contract provides for, in clear and unambiguous terms, an after-sales services and the availability of spare parts.

From one of the SBBs for the Frigate Acquisition Project

The Philippine Navy Frigate Acquisition Project, specifically Supplemental Bid Bulletin #DND/PN-FAP-16-01, described the PN's preferred CMS as follows:

[adroth]

The following was shared on the forum's FB extension.

https://www.facebook.com/groups/rpdefense/permalink/1467451506674025/

This thesis, however, hinges on the assumption that the CMS that survives the "Hanwha Thales" split is Hanwha and not Thales.



Background on the Hanwha-Thales split.

Hanwha Group to Acquire Remaining 50% Stake in Hanwha Thales
SEOUL, KOREA
28 July 2016 - 11:00am

http://businesskorea.co.kr/english/news/industry/15374-thales%E2%80%99-decision-hanwha-group-acquire-remaining-50-stake-hanwha-thales

Thales Group, a French multinational aerospace and defense company, has decided to sell its 50 percent stake in Hanwha Thales to Hanwha Group.

When Samsung sold its defense unit to Hanwha last year, Thales and Hanwha signed a put/call option agreement for Thales' 50 percent share in Hanwha Thales, former Samsung Thales. Under the agreement, Thales has a put option that allows it the right to sell its 50 percent stake to Hanwha one year after Hanwha Group completes the acquisition process, while Hanwha is given a call option to buy the shares.

Accordingly, Thales has had the right to exercise the put option for 40 days from June 29 to August 7 and Thales officially notified Hanwha of the sale of all of its shares, amounting to 50%, at the price of 288 billion won (US$253.86 million).

Hanwha Thales is the nation’s first defense joint venture established in 2000 by Samsung Electronics’ defense unit and France’s Thales with the stake ratio of 50:50. The joint venture has grown with research and development in advanced defense electronics products, such as radar, command and control and communications and command and control.

Hanwha Group plans to accept Thales’ decision and continuously maintain and expand the partnership between the two companies, although the joint venture will be wholly owned by Hanwha.

< Edited >

[adroth]

Does the Hanwha - Thales split really mean that these two companies will no longer work together? Think again

Hanwha Group to Acquire Remaining 50% Stake in Hanwha Thales
SEOUL, KOREA
28 July 2016 - 11:00am

http://businesskorea.co.kr/english/news/industry/15374-thales%E2%80%99-decision-hanwha-group-acquire-remaining-50-stake-hanwha-thales

Thales Group, a French multinational aerospace and defense company, has decided to sell its 50 percent stake in Hanwha Thales to Hanwha Group.

When Samsung sold its defense unit to Hanwha last year, Thales and Hanwha signed a put/call option agreement for Thales' 50 percent share in Hanwha Thales, former Samsung Thales. Under the agreement, Thales has a put option that allows it the right to sell its 50 percent stake to Hanwha one year after Hanwha Group completes the acquisition process, while Hanwha is given a call option to buy the shares.

Accordingly, Thales has had the right to exercise the put option for 40 days from June 29 to August 7 and Thales officially notified Hanwha of the sale of all of its shares, amounting to 50%, at the price of 288 billion won (US$253.86 million).

Hanwha Thales is the nation’s first defense joint venture established in 2000 by Samsung Electronics’ defense unit and France’s Thales with the stake ratio of 50:50. The joint venture has grown with research and development in advanced defense electronics products, such as radar, command and control and communications and command and control.

Hanwha Group plans to accept Thales’ decision and continuously maintain and expand the partnership between the two companies, although the joint venture will be wholly owned by Hanwha.

< Edited >

From: https://www.thalesgroup.com/en/worldwide/press-release/thales-exercises-its-put-option-hanwha-thales-htc#

THALES EXERCISES ITS PUT OPTION IN HANWHA THALES (HTC)
27.07.2016

The jointly-owned company Hanwha Thales was created in 2000 by Samsung and Thales (Euronext Paris: HO) to develop the defence electronics in Korea. In June 2015, Samsung sold its defence related businesses to Hanwha. In this context, Hanwha and Thales negotiated a put/call option on Thales' shares in their jointly owned company.

Considering Hanwha and Thales respective ambitions in the Korean market today, Thales has decided to exercise its put option, for all of its shares, amounting to 50% of Hanwha Thales equity, at the price of KW288 billion (approximately €230 million). Once governmental approvals are obtained and the sale is completed, Thales shall record a cash inflow of approximately €200 million. In 2015, Hanwha Thales contributed €10 million to the EBIT of Thales.

Thales and Hanwha are keen to pursue their cooperation in multiple areas. Thales is a partner of trust of Korea and the Korean industry, in both civil and military domains.

[12th BCT]

^Proof is in the pudding.

Everything at this point is pure conjecture - both from the critics of the FAP, and those who seek to defend the Frigate acquisition.

Let's see how it plays out.

[adroth]

^Proof is in the pudding.

Everything at this point is pure conjecture - both from the critics of the FAP, and those who seek to defend the Frigate acquisition.

Let's see how it plays out.

We will see soon enough. In the meantime, everyone should keep their shirts on and stay calm :-)

[40niner]

Images of the Multi-function console of the NS-ICMS Baseline 2 which is proposed for PN's frigate.

Images/Vid-grabs credited to NavalRecognition.Com from its MADEX 2017 South Korea Maritime Defense Exhibition Day 3 video .

Pls take note of timestamp on the video.

[40niner]

^ Pls take note that after the presentation of the current Baseline-2, @3:39 time-stamp, the presenter also showed a more advance and newly developed trio-console for its Baseline-3, which shall be install on the under-development FFX Batch-III.

[mamiyapis]

Bad news: Naval Shield ICMS baseline 2 console already being touted at MADEX 2017 for our frigates.

Good news: We're going from no CMS to a current system for the Korean and Malaysian navies.

[adroth]

One of the strengths of Tacticos is its open architecture. It is not married to any one set of systems. Clearly the Koreans wanted to use it a basis for their own CMS. But when does a Tacitcos-based system end, and where does a Hanwha system begin?

Note how Baseline 2 didn't show "Hanwha" in the display.

^ Pls take note that after the presentation of the current Baseline-2, @3:39 time-stamp, the presenter also showed a more advance and newly developed trio-console for its Baseline-3, which shall be install on the under-development FFX Batch-III.