RF Systems announced on the 23rd that it had been selected as a joint research and development organization for the satellite system and main body development project for the private sector-led geostationary satellite 'Cheonsae-5'. This project is a national research and development (R&D) project overseen by LIG Nex1, and is a large-scale task worth approximately KRW 340 billion by 2031.
Cheonsae-5 is a next-generation meteorological satellite that performs 24-hour meteorological and space weather observation missions in a geostationary orbit approximately 36,000 km above the equator. RF Systems is participating in this project based on its high-frequency antenna and satellite system development capabilities.
Through this project participation, RF Systems has secured the opportunity to expand its business area from the existing defense industry to the civilian aerospace industry. The company has been carrying out various aerospace-related projects through collaboration with the Electronics and Telecommunications Research Institute (ETRI) and LIG Nex1, and also obtained the Aerospace Quality Management System (KS Q9100) certification last year.
CEO Han Ki-woo said, “Through our participation in this project, we expect that our technological competitiveness will be recognized in the private aerospace sector as well,” and added, “We will diversify our business portfolio in line with the expansion of the next-generation satellite communications market and focus on securing a stable sales base and mid- to long-term growth momentum.”
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