South Korean manufacturing and technology company Hanwha has joined OneWeb’s ownership consortium with a $300 million investment for an 8% share in the company. This investment brings OneWeb's total equity investment since November 2020 to $2.7 billion with no debt. Hanwha joins a global lineup of OneWeb investors
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OneWeb has selected
Hughes to develop and manufacture the ground system technology for its Low-Earth Orbit (LEO) constellation, restarting a prior agreement between the companies. Under the $250 million three-year contract announced Wednesday, Hughes has agreed to produce the gateway electronics for the OneWeb system and the core module that will be used in every user terminal.
Hughes said Wednesday that its gateway is capable of 10,000 hand-offs per second, and facilitate handover and tracking of “hundreds of gigabits of data across hundreds of beams and millions of users.”
In terms of the module for the user terminal, Hughes said the module is adaptable across fixed and aeronautical and maritime mobility terminals, for either electronically or mechanically steered antennas.