[THE INVESTOR] Huneed Technologies, a South Korean military communications equipment maker, will supply electronics parts for the Boeing CH-47 Chinook, local media reported on July 11.

This is the first time a South Korean defense equipment maker will be supplying parts for a foreign helicopter model. 



According to reports citing unnamed defense industry sources, Huneed Technologies signed a US$120 million supply contract at the end of last month. The company posted sales of about 60 billion won (US$ 52 million) for 2015.

The latest contract is reportedly for supplying equipment-relaying signals between electronics controlling the engine and aviation systems until 2022.

By Choi He-suk (cheesuk@heraldcorp.com)