SEOUL, Dec. 30 (Korea Bizwire) — South Korean defense company Hanwha Aerospace Co. said Tuesday it has signed a 5.6 trillion-won (US$4 billion) contract with Poland’s arms procurement agency to supply Chunmoo multiple launch rocket systems. The Polish Armament Agency and a consortium comprising Hanwha Aerospace and Hanwha-WB Advanced System (HWB) signed the third-stage deal [...]
SEOUL, Dec. 23 (Korea Bizwire) — South Korea’s homegrown KF-21 fighter jets under development will be fitted with air-to-ground capabilities starting in 2027, ahead of schedule, the state arms procurement agency said Tuesday. The plan comes as authorities plan to spend around 700 billion won (US$472 million) to conduct a series of tests involving 10 [...]
SEOUL, Dec. 18 (Korea Bizwire) — Hanwha Systems Co., a defense solutions unit of South Korea’s Hanwha Group, said Thursday it has signed a contract with Boeing Co. to supply advanced cockpit displays for F-15K and F-15EX fighter jets. Under the agreement, Hanwha Systems will provide the Eagle Large Area Display (ELAD) for Boeing’s fighter [...]
SEOUL, Dec. 12 (Korea Bizwire) — Hanwha Group secured approval from the Australian government to increase its stake in Austal Ltd., advancing the South Korean conglomerate’s effort to expand its defense and shipbuilding footprint across Oceania and North America. Australia’s Treasurer Jim Chalmers said the government will allow Hanwha to lift its shareholding in the Perth-based [...]
SEOUL, Dec. 3 (Korea Bizwire) — Korean Air Co. and Hyundai Rotem Co. said Wednesday they will jointly develop a reusable 35-ton-class methane rocket engine — a core technology for next-generation launch vehicles — by October 2030 under a government-backed 49 billion-won (US$33 million) program. Under the program, overseen by the Korea Research Institute for [...]
SEOUL, Dec. 2 (Korea Bizwire) — Global defense revenues reached an all-time high in 2024 as the wars in Ukraine and Gaza fueled a surge in weapons demand, particularly across Europe, according to new data from the Stockholm International Peace Research Institute (SIPRI). South Korea’s leading defense companies continued their rapid ascent, pushing the country into [...]
SEOUL, Dec. 1 (Korea Bizwire) — South Korean defense giant Hanwha Aerospace Co. said Monday it will participate in a biennial international defense exhibition in Egypt this week to showcase its flagship K9 howitzer and Chunmoo rocket system. The Egypt Defence Expo (EDEX) 2025 will take place from Monday (local time) through Thursday in Cairo, [...]
SEOUL, Nov. 27 (Korea Bizwire) — South Korea’s defense ministry on Thursday vowed to keep up its arms industry cooperation with Poland after a domestic defense firm failed to win a contract to supply next-generation submarines to the European country. On Wednesday, Poland said it has chosen Swedish defense firm Saab as the winner of [...]
SEOUL, Nov. 26 (Korea Bizwire) — South Korea is set to transfer a retiring 1,200-ton submarine to Poland free of charge, military sources said Wednesday, in apparent support for a South Korean defense firm bidding for the European country’s submarine procurement project. Under the plan, the defense ministry is expected to hand over the ROKS [...]
SEOUL, Nov. 17 (Korea Bizwire) – Hyundai Glovis Co., the shipping logistics unit of Hyundai Motor Group, said Monday it has completed the transport of K2 tanks and K9 self-propelled howitzers to Poland last week, demonstrating its growing defense logistics capabilities. The company said it successfully delivered 20 K2 tanks produced by Hyundai Rotem Co., [...]