What Happened
South Korean Defense Giant Establishes Local Production Bases
Hanwha Aerospace is expanding its defense production bases in the United States, Europe, and Australia, as part of its localization strategy. The company aims to establish a firm foothold in major markets and secure follow-up orders through local production and supply chain establishment. Hanwha Aerospace has already established joint ventures in Poland and Romania, and is exploring opportunities in Germany. This move is seen as a response to the trend of major export countries demanding domestic production and technology transfer, as reported by Businesskorea.