Hanwha Aerospace sets up joint venture in Poland for Chunmoo rocket production

KIELCE, Poland — Hanwha Aerospace and Poland’s WB Group agreed to set up a joint venture, Tuesday (local time), for local production of guided rockets for the Korean-made Chunmoo multiple launch rocket system. The two sides held a signing ceremony for the agreement at the International Defense Industry Exhibition (MSPO) in Kielce, Poland. Under the deal, the new company will first manufacture 80-kilometer-range CGR-080 guided rockets to be deployed on the Homar-K, Poland’s variant of the Chunmoo. The joint venture plans to build new production facilities and hire local staff, with future goals including diversifying its munition lineups and pursuing export to other European countries. “Poland and Korea have both endured repeated invasions from larger neighbors, yet each has managed to overcome those hardships and grow stronger,” Son Jae-il, president and CEO of Hanwha Aerospace, said during the signing ceremony. “That shared history of overcoming invasions and adversity is what makes Korea and Poland the best partners for each other,” he said. Son added that the joint venturWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times