Hanwha Aerospace inks $477 mil. deal to export 18 Chunmoo rocket launchers to Croatia
South Korean defense firm Hanwha Aerospace Co. on Thursday signed a deal to export 18 Chunmoo multiple launch rocket systems (MLRS) to Croatia in an arms contract worth some 640 billion won ($477 million), the state arms procurement agency said. The 410 million-euro contract marks the first major arms deal between the two countries, opening up avenues for greater partnership beyond arms exports,…
Hanwha Aerospace Co., a prominent South Korean defense company, has finalized a significant arms deal with Croatia, exporting 18 Chunmoo multiple launch rocket systems (MLRS) for a contract valued at approximately 640 billion won, or $477 million, according to the state arms procurement agency. This marks the first major arms transaction between the two nations, potentially paving the way for expanded collaboration beyond military exports, including industrial cooperation and military logistics support, as stated in a release by the Defense Acquisition Program Administration (DAPA).
Croatia joins a select group of European nations to acquire the Chunmoo system, previously procured by Poland, Estonia, and Norway. The Chunmoo rocket launchers are a formidable South Korean artillery system primarily designed to counter the long-range artillery and multiple rocket launchers of North Korea. With an operational range extending up to 80 kilometers, the system is versatile, capable of both precision strikes against specific targets and cluster attacks to obliterate enemy positions over a broad area.
The signing ceremony was attended by key officials, including Defense Minister Ahn Gyu-back of South Korea and Croatian Prime Minister Andrej Plenkovic, underscoring the strategic importance of this defense partnership between the two countries.
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