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The a number of launch rocket system Chunmoo fires towards the ocean off Goseong, Gangwon Province, northeastern South Korea, because the Military’s third Artillery Brigade conducts a two-day nighttime live-fire drill that started April 16, 2025, on this file picture launched by the Military. Yonhap
Hanwha Aerospace Co. has secured an estimated $1.9 billion mission to provide long-range rockets to Norway, with the official contract anticipated to be signed this week, knowledgeable business sources mentioned Wednesday.
The contract is extensively anticipated to be signed Friday in Oslo by Hanwha Aerospace and the Norwegian Defence Materials Company (NDMA), the sources with direct data of the matter instructed Yonhap Information Company whereas talking on situation of anonymity.
Kang Hoon-sik, South Korea’s presidential chief of employees, is anticipated to attend the signing ceremony, in keeping with the sources.
Kang is at present visiting Canada as a part of a visit extensively believed to be aimed toward supporting the nation’s protection exports.
Simply earlier than his departure from Seoul on Monday, Kang mentioned he would additionally journey to Norway to debate methods to broaden protection cooperation between the 2 international locations.
The Norwegian deal facilities on Hanwha Aerospace’s K239 Chunmoo a number of rocket launcher system as Norway seeks to bolster its long-range precision strike functionality amid heightened safety considerations in Europe.
In accordance with the sources, the deal consists of an offset requirement, a regular requirement underneath Norway’s protection procurement guidelines, the sources mentioned.
For all protection tasks exceeding 50 million Norwegian kroner ($5.2 million), international suppliers are required to offer industrial cooperation equal to 100% of the contract worth, usually by means of a expertise switch and partnerships with native firms.
The settlement marks Hanwha Aerospace’s newest main success within the Nordic protection market, following its earlier contracts to provide K9 Vidar self-propelled howitzers to Norway in September.
Trade observers say the deal additional underscores Hanwha’s rising footprint in Europe and its capability to fulfill stringent operational and industrial necessities set by European protection clients.
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