Hanwha Invests EUR 100 Million in Estonian Defense Industry
Hanwha Aerospace announced a EUR 100 million ($115.5M) investment in Estonia to establish a sustainment center, ammunition factory, and Chunmoo support infrastructure. The investment deepens Hanwha's footprint on NATO's northeastern flank following the October 2025 Estonian Chunmoo contract.
Related Contracts
Estonia Follow-On K239 Chunmoo MLRS Order (3 Additional Launchers)
Estonia · signed
Finland K9 Thunder SPH Second Batch
Finland · signed
Spain K9-Based Artillery Joint Development
Spain · signed
UAE EDGE-DAPA Defense Cooperation Framework
United Arab Emirates · signed
Norway K239 Chunmoo MLRS Selection
Norway · signed
Related News
Hanwha Aerospace Pitches “Built with Europe, for Europe” at NATO Ankara Forum
July 8, 2026
Hanwha Aerospace Earns A- S&P Rating, First for Korean Defense
June 22, 2026
Hanwha Aerospace Daejeon Plant Explosion Kills 5, CEO Booked
June 1, 2026
Hanwha Aerospace Eyes Germany, UK Arms Deals as Demand Surges
May 30, 2026