Hanwha Aerospace Exports 'Cheonmu' Multiple Launch Rocket System to Croatia in a Deal Worth 641.1 Billion Won
Hanwha Aerospace will export 18 units of its multiple launch rocket system 'Cheonmu' to Croatia.
On the previous day, Hanwha Aerospace announced that it had signed the export contract with Croatia's Ministry of Defense for Cheonmu in Zagreb, the capital of Croatia, on September 11.
The export deal is valued at 418 million euros, which amounts to approximately 641.1 billion won.
Ibhwan Lee, Head of Aerospace Business at Hanwha Aerospace (left), and Croatian Deputy Prime Minister and Minister of Defence, Ivan Anusic, are shaking hands after signing the export contract for the extended-range rocket 'Cheonmu'.
Photo by Hanwha Aerospace
The 'Cheonmu' is a multiple launch rocket system capable of operating various precision-guided missiles. It can be flexibly configured to meet the operational environment and requirements of each country.
Its strengths include high interoperability, allowing integration with different command and control systems, as well as rapid delivery through a mass production system.
Through this contract, Hanwha Aerospace will provide and support, by 2030, a total of 18 Cheonmu units, ammunition transport vehicles, fire command vehicles, medium- and long-range precision-guided missiles, integration of command and control (C2) systems, training, and integrated logistics support (ILS).
In addition, the company plans to promote medium- and long-term localization cooperation by partnering with local companies to establish a maintenance, repair, and overhaul (MRO) system.
Hanwha Aerospace's Multiple Launch Rocket System 'Cheonmu'
[Photo by Hanwha Aerospace]
The signing ceremony was attended by Andrej Plenkovic, Prime Minister of Croatia; Ivan Anusic, Deputy Prime Minister and Minister of Defense of Croatia; Kyoo-baek Ahn, Minister of National Defense; Yongcheol Lee, Administrator of the Defense Acquisition Program Administration; Seungbeom Lee, Ambassador of the Republic of Korea to Croatia; Buhwan Lee, Head of Aerospace Business at Hanwha Aerospace; and other key figures from both governments and the defense industries.
This contract marks the first weapons system export between Korea and Croatia, making Croatia the fourth European country to operate the Cheonmu after Poland, Estonia, and Norway.
Prime Minister Andrej Plenkovic stated, "The Cheonmu contract represents one of the largest investments in Croatia's military modernization. With the introduction of Cheonmu, which can simultaneously operate various types of ammunition, we expect to further expand defense industry cooperation between our two countries."
Hot Picks Today
Cracks in Samsung and SK hynix’s Duopoly?... Micron’s Bet with the ‘100,000 HBM Wafers’ Bomb [ChipTalk]
- "This Is the Must-Visit Spot for Foreigners in Korea—Not Olive Young or Daiso... How Foreign Tourists Are Changing the Profit Formula [Weekend Money]"
- "Can't You Pay a Bit More?"... Survey Shows Men and Women Differ on Fair Way to Split Dating Expenses
- "Age Is No Excuse"...Why the Elderly Person on CCTV Shocked Viewers
- "The Effects of 'Perfect Beauties' on Mental Health: Just How Harmful Are Unrealistic Standards? [Experiment Note]"
Buhwan Lee, Head of Aerospace Business at Hanwha Aerospace, commented, "This contract is the starting point and a new milestone for long-term defense cooperation with Croatia. Beyond simply supplying equipment, we will work to establish a stable logistics support system with local companies and use this as a foundation to continue our future-oriented, long-term partnership."
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.