Hanwha Aero Considers Establishing Joint Venture for 'Cheonmu' Production in Poland

Defense Company WB Group and MOU

Hanwha Aerospace announced on the 5th that it signed a memorandum of understanding (MOU) with WB Group, Poland's largest private defense company, for the local production of guided missiles for the Cheonmu multiple launch rocket system at the International Defence Industry Exhibition (MSPO) held in Kielce, Poland on the 4th (local time).

Son Jae-il, CEO of Hanwha Aerospace (right), signed a memorandum of understanding (MOU) for the local production of guided missiles for the Cheonmu multiple launch rocket system with Piotr Wojtek, chairman of WB Group, Poland's largest private defense company, at the International Defence Industry Exhibition (MSPO) held in Kielce, Poland, on the 4th (local time). (Provided by Hanwha Aerospace)

On the day, Son Jae-il, CEO of Hanwha Aerospace, signed the MOU with Piotr Wojtek, chairman of WB Group, to review the establishment of a local joint venture (JV) based on this agreement.

The two companies agreed to consider local production of the CGR-80, an 80km-range guided missile, which is a Polish improved version of the Cheonmu called 'HOMAR-K.' WB Group currently supplies the HOMAR-K with an automatic fire control system and communication equipment.

Hanwha Aerospace plans to strengthen localization and expand exports to Europe. This strategy aims to respond to the defense bloc formation among European countries seeking to increase the use of weapon systems within the European Union (EU) and to establish a foothold for targeting the North Atlantic Treaty Organization (NATO) market. So far, Hanwha Aerospace has signed export contracts with Poland for 290 Cheonmu launchers and CGR-80 and 290km-range guided missiles (CTM-290).

CEO Son Jae-il said, "Through localization, we will actively respond to Europe's security needs, strengthen our position as a global defense company, and contribute to the alliance between the Republic of Korea and Poland."