Hanwha Aerospace Leads Bidding for Poongsan Ammunition Business
Hanwha Aerospace submitted a binding proposal for Poongsan Corporation's ammunition business unit and is believed to be the only bidder remaining, with the deal estimated at more than 1.5 trillion won (about $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.
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US Army K9MH Mobile Tactical Cannon Prototype Contract
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Estonia Follow-On K239 Chunmoo MLRS Order (3 Additional Launchers)
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Finland K9 Thunder SPH Second Batch
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Spain K9-Based Artillery Joint Development
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