Hanwha Aerospace Leads Bidding for Poongsan Ammunition Business
| Korea Herald
Hanwha Aerospace Poongsan acquisition ammunition defense industry M&A
Hanwha Aerospace emerged as the leading bidder for Poongsan Corporation's ammunition business unit, valued at approximately $1 billion. If completed, the acquisition would create a vertically integrated Korean defense champion capable of bundling platforms (K9, K239) with ammunition in export packages, reshaping the global defense market.