Korean Defense Export Contracts in 2026

12 South Korean defense export contracts announced in 2026 worth $59.9B, with Croatia, Estonia, Finland, Indonesia and 8 more, covering K239 Chunmoo, OCEAN-40F 4,000-ton Frigate, K9MH Mobile Howitzer (8x8 wheeled 155mm), K-SAAM Haegung and 6 more systems. Values, buyers, sellers, and delivery status.

Contracts

Total Value

$59.9B

Buyer Countries

Korean Sellers

2013 2017 2021 2022 2023 2024 2025 2026

Largest Deals of 2026

$35.0B

UAE EDGE-DAPA Defense Cooperation Framework

United Arab Emirates · Hanwha Aerospace

$7.0B

Romania K2 Black Panther MBT Negotiation

Romania · Hyundai Rotem

$6.5B

Iraq K2ME Black Panther Tank Negotiations

Iraq · Hyundai Rotem

All 2026 Contracts

Contract	Buyer	Seller	Value	Status	Announced
Croatia K239 Chunmoo Multiple Rocket Launcher Contract	Croatia	Hanwha Aerospace	$477M	signed	Sep 10, 2026
Thailand Next-Generation Frigate (OCEAN-40F) Selection	Thailand	Hanwha Ocean	$508M	announced	Sep 8, 2026
US Army K9MH Mobile Tactical Cannon Prototype Contract	United States	Hanwha Aerospace	$263M	signed	Aug 18, 2026
Estonia Follow-On K239 Chunmoo MLRS Order (3 Additional Launchers)	Estonia	Hanwha Aerospace	$155M	signed	May 11, 2026
Malaysia K-SAAM Haegung Ship-Launched SAM	Malaysia	LIG Nex1	$94M	signed	Apr 22, 2026
Finland K9 Thunder SPH Second Batch	Finland	Hanwha Aerospace	$642M	signed	Apr 9, 2026
Indonesia KF-21 Boramae Export Negotiations	Indonesia	Korea Aerospace Industries	$3.0B	announced	Mar 31, 2026
Spain K9-Based Artillery Joint Development	Spain	Hanwha Aerospace	$5.3B	signed	Mar 24, 2026
UAE EDGE-DAPA Defense Cooperation Framework	United Arab Emirates	Hanwha Aerospace	$35.0B	signed	Feb 27, 2026
Norway K239 Chunmoo MLRS Selection	Norway	Hanwha Aerospace	$922M	signed	Jan 30, 2026
Iraq K2ME Black Panther Tank Negotiations	Iraq	Hyundai Rotem	$6.5B	announced	Jan 22, 2026
Romania K2 Black Panther MBT Negotiation	Romania	Hyundai Rotem	$7.0B	announced	Jan 22, 2026