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Hanwha Aerospace Secures $4 Billion Poland Missile Deal as Seoul Deepens NATO Ties

Third execution contract under 2022 framework brings total Chunmoo orders to ₩12.8 trillion
South Korea
h 012450.KO Blue Chip 150
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Hanwha Aerospace has signed a ₩5.6 trillion ($4 billion) contract with Poland’s Armament Agency to supply guided missiles for the Chunmoo multiple rocket launcher system, extending a defense partnership that has made Warsaw one of Seoul’s largest European arms customers.

The agreement, signed Monday at the Polish Army Museum in Warsaw, covers CGR-080 precision-guided missiles with an 80-kilometer range. Production will be handled by Hanwha WB Advanced Systems, a joint venture between Hanwha and Poland’s WB Electronics established in September, with deliveries scheduled to begin in 2030.

This marks the third execution contract under a 2022 framework agreement. Combined with earlier deals worth ₩5 trillion in 2022 and ₩2.2 trillion in 2024, Poland has now committed approximately ₩12.8 trillion to the Chunmoo program.

The localized manufacturing arrangement reflects EU pressure on member states to source defense equipment regionally. For Hanwha, the co-production model offers access to European markets while navigating protectionist sentiment. Poland has positioned the deal as advancing its defense industrial independence, though the timeline to 2030 deliveries means years of execution risk remain.

Senior officials from both governments attended the ceremony, underscoring the diplomatic weight attached to Seoul’s growing role as a supplier to NATO members since Russia’s invasion of Ukraine.

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