South Korea’s Hanwha Secures Major Rocket Launcher Deal With Norway

Post by : Saif

South Korea’s defence industry has achieved a major milestone after Hanwha Aerospace confirmed it has signed a contract worth $922 million with Norway to supply long-range rocket launchers and rockets. The agreement highlights the rising presence of South Korean defence companies in Europe, where demand for modern military systems has increased in recent years.

Hanwha Aerospace said the deal includes the supply of Chunmoo multiple rocket launch systems along with a number of rockets. Norway’s defence ministry had earlier stated that the total value of the overall programme is around 19 billion Norwegian crowns, or about $2 billion. This larger budget covers not only the weapons but also long-term support such as maintenance facilities, training, and local operations.

According to Hanwha, its share of the project amounts to about $922 million. The remaining funds will be used by Norway to build domestic infrastructure needed to operate the system. This includes setting up maintenance centres and training personnel, allowing Norway to strengthen its own defence capabilities while relying on advanced foreign technology.

Defence experts say Hanwha Aerospace stood out because of its ability to deliver both launch systems and rockets faster than many competitors. While there has been political pressure in Europe to buy locally made weapons, analysts note that Hanwha offers flexibility and speed at a time when many countries want quick solutions to security challenges.

The Chunmoo system is known for its versatility. It can fire different types of rockets and be adapted for various missions. Analysts believe this flexibility played an important role in Norway’s decision, especially because the country operates in harsh Arctic conditions where reliability and performance are critical.

Experts also point out that Europe currently does not have a modern multiple rocket launch system that can be developed and deployed quickly. Creating a new European system could take more than two decades. In contrast, Chunmoo is already in use and has proven its effectiveness, making it a practical choice for countries seeking rapid upgrades to their defence forces.

Hanwha Aerospace is also expanding its footprint within Europe. The company plans to build a production facility in Poland to manufacture guided rockets, with deliveries expected to begin in 2030. This move is expected to ensure a stable supply of ammunition within Europe and reduce reliance on distant supply chains.

The Norway contract reflects a broader shift in the global defence market. South Korean companies are increasingly seen as reliable partners that can deliver advanced systems quickly and at competitive costs. For Norway, the deal strengthens its military readiness. For Hanwha Aerospace, it marks another step forward in becoming a key defence supplier in Europe.

#trending #latest #HanwhaAerospace #SouthKoreaDefense #NorwayDefense #RocketLaunchers #EuropeanSecurity #GlobalDefense #MilitaryNews #armustnews