Hanwha Aerospace Co. has signed a major follow-on contract with Poland to locally produce its homegrown Chunmoo multiple launch rocket system, in a deal valued at approximately 5.6 trillion won ($4 billion), according to defense industry officials on Monday.
The agreement marks the third execution contract under a framework deal signed in 2022 and reflects South Korea’s expanding footprint in Europe’s fast-growing defense market.
Under the latest contract, Hanwha Aerospace will work with Poland’s largest private defense company, WB Electronics, to manufacture and supply guided missiles for the Chunmoo system in Poland.
The project will be carried out through a joint venture, Hanwha WB Advanced Systems, established following a final agreement reached at the MSPO 2025 international defense exhibition in September.
The Chunmoo system is a multiple rocket launcher capable of firing up to 12 rockets in less than one minute from a single launch vehicle, offering rapid saturation fire and operational flexibility.
Poland has positioned the system as a core asset in its effort to strengthen deterrence and modernize its artillery capabilities.
LOCAL PRODUCTION
Hanwha Aerospace first signed a 5.04 trillion won framework contract with Poland in November 2022, covering Chunmoo launchers and guided missiles, followed by a 2.2 trillion won second execution contract in April 2024.
The latest deal, valued at 5.6 trillion won, focuses on the localized production of guided munitions.
By shifting missile production to Poland, Hanwha aims to navigate the European Union’s increasing preference for regionally manufactured weapons as part of its broader push toward defense industrial consolidation and supply-chain security.
The deal was supported by high-level diplomatic engagement from Seoul.
In October, Presidential Chief of Staff Kang Hoon-sik visited Poland as a special envoy for strategic economic cooperation on behalf of President Lee Jae Myung, underscoring the government’s active role in promoting overseas defense exports.