Hanwha Aerospace
Hanwha Aerospace partially suspends Daejeon factory after explosion
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Hanwha Aerospace has partially suspended operations at its Daejeon plant following a deadly explosion that killed five workers and injured two others.
Hanwha Aerospace Co. said Thursday it has joined the Estonian Defence and Aerospace Industry Association (EDIA) as the first South Korean member. The company aims to deepen ties with Estonian firms through joint R&D and supply chain cooperation. It builds on supplies of K9 howitzers in 2020 and Chunmoo systems in late 2025.
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Hanwha Aerospace has secured an estimated $1.9 billion project to supply long-range rockets to Norway, with the official contract expected to be signed this Friday in Oslo. South Korea's presidential chief of staff, Kang Hoon-sik, is set to attend the ceremony, as Norway aims to enhance its long-range precision strike capabilities amid rising European security concerns.