What Happened
South Korean Defense Firm Poised To Benefit From Global Demand
Hanwha Aerospace is seen as a key beneficiary of a global defense supercycle, as the US and its allies face a prolonged shortage of long-range precision-guided missiles. The company has invested in scaling up facilities for guided weapons, propulsion systems, and ammunition, positioning it for rising global demand. According to Reuters, restoring US and allied missile stockpiles to normal levels may take more than two years, and the missile market is expected to continue growing for the next 15 years. This was reported by The Korea Herald.