Hanwha Aerospace

012450.KS

한화에어로스페이스

South Korea's largest defense company following its 2025 merger with Hanwha Defense, specializing in self-propelled howitzers, armored vehicles, aircraft engines, and defense electronics. Manufacturer of the globally successful K9 Thunder self-propelled howitzer, K239 Chunmoo MLRS, and AS21 Redback IFV.

Founded

1977

Headquarters

Changwon, South Korea

Employees

12,000

Revenue

$10.0B

Website

Visit Site
artillery aerospace defense electronics engines armored vehicles

Products & Systems

Export Contracts

Contract Buyer Value Status Date
Spain K9-Based Artillery Joint Development Spain $5.3B signed Mar 24, 2026
UAE EDGE-DAPA Defense Cooperation Framework United Arab Emirates $35.0B signed Feb 27, 2026
Norway K239 Chunmoo MLRS Selection Norway $2.0B signed Jan 30, 2026
Poland Chunmoo Guided Missile Contract Poland $4.1B signed Dec 30, 2025
Norway K9 VIDAR Third Order (24 Additional Howitzers) Norway N/A signed Dec 1, 2025
Estonia K239 Chunmoo MLRS Order Estonia $315M signed Oct 24, 2025
India Additional K9 Vajra SPH Order India $1.2B signed Jun 1, 2025
Norway K239 Chunmoo MLRS Order Norway $580M signed Mar 1, 2025
Poland Additional K239 Chunmoo Ammunition Order Poland $1.6B signed Feb 1, 2025
Saudi Arabia K9 Thunder SPH Order Saudi Arabia $2.3B signed Jan 15, 2025
Romania K9 Thunder Howitzer Order Romania $1.0B in delivery Jul 1, 2024
Romania K239 Chunmoo MLRS Order Romania $1.3B signed Mar 1, 2024
Romania K9 Thunder SPH Order Romania $920M in delivery Mar 1, 2023
UAE K239 Chunmoo MLRS Order United Arab Emirates $3.5B in delivery Feb 20, 2023
Australia AS21 Redback IFV Selection Australia $5.1B in delivery Feb 1, 2023
Canada LAV Modernization (Hanwha) Canada $3.0B signed Jan 1, 2023
Poland K239 Chunmoo MLRS Order Poland $3.5B in delivery Oct 1, 2022
Poland K9 Thunder SPH Order Poland $3.5B in delivery Jul 27, 2022
Australia Huntsman SPH (K9 Variant) Australia $1.0B signed Dec 1, 2021
Egypt K9 Thunder SPH Order Egypt $1.7B in delivery Feb 1, 2021
Estonia K9 Thunder SPH Order Estonia $58M completed May 1, 2018
Norway K9 Thunder SPH Order Norway $240M completed Jun 1, 2017
India K9 Vajra SPH Order India $700M completed Apr 1, 2017
Finland K9 Thunder SPH Order Finland $170M in delivery Feb 1, 2017