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Hanwha Aerospace Nears Chunmoo Export Deal

September 6, 2026

2 min read

Key Takeaways

Hanwha Aerospace nears export deal with Croatia for Chunmoo system.
Deal includes 18 launchers and guided missiles.
Contract valued at €435.2 million.
Croatia to replace Soviet-era systems with Chunmoo.

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Strategic Implications

This deal may signal Hanwha Aerospace's growing presence in the European defense market. The Chunmoo system's capabilities could strengthen Croatia's military, which suggests a shift in regional defense priorities. The export deal may also indicate a trend towards modernizing defense systems in Eastern Europe.

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What Happened

Croatia To Acquire Multiple Launch Rocket Systems

Hanwha Aerospace is reportedly close to securing a deal to export its K239 Chunmoo multiple launch rocket system to Croatia. The contract, valued at €435.2 million, includes 18 launchers and guided missiles. Croatia plans to use the Chunmoo to replace its Soviet-era Vulkan M92 and GRAD BM-21 multiple launch rocket systems. The deal is expected to be signed by Croatian Defense Minister Ivan Anušić and Hanwha Aerospace, with about 85% of the equipment to be delivered in 2028. This development was first reported by The Elec Inc.

Source | Originally Published: September 4, 2024

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