Translation result
Hanwha Aerospace is intensifying its push into the European market as global defense spending surges.
Amid a worldwide spike in defense demand driven by the war in Ukraine and conflicts across the Middle East, the company is negotiating new arms-export deals with major European powers, including Germany and the United Kingdom.
Bloomberg reported on the 30th (local time) that Alex Wong, Hanwha Aerospace’s global chief strategy officer (CSO), said this in a Bloomberg TV interview at the 23rd Asia Security Conference (the Shangri-La Dialogue) in Singapore.
Wong said demand across the defense sector currently outpaces supply.
He added that recent conflicts—from Ukraine to the unrest in Iran—have underscored the need for militaries worldwide to ramp up production capacity and rebuild ammunition stockpiles.
Wong said Hanwha is pursuing talks beyond its existing customers Poland and Romania, opening discussions with prospective clients in Germany, the U.K. and elsewhere in Europe.
He said those discussions cover not only the procurement of defense systems but also where to site new production capacity and how to use local workforces.
On why governments are accelerating procurement, Wong argued that nations need layered, integrated missile-defense architectures to protect their populations.
He said governments are unwilling to wait: they want immediate capability, localized supply chains for resilience, and the ability to rapidly scale production during a crisis.
Wong said Hanwha is expanding production domestically while also establishing manufacturing footholds overseas.
“Our customers need more ammunition and more interceptor missiles,” he said. “We have shifted and expanded production to meet that demand.”
Bloomberg assessed that Europe has emerged as a core growth market for Hanwha Aerospace.
After most NATO members pledged last year to raise defense spending to roughly 5% of GDP, European governments have been rapidly expanding purchases of ground weapon systems, long-range strike capabilities, artillery and advanced missile-defense systems.
This year Hanwha Aerospace opened a new office in Berlin to accelerate its European push.
The company clinched a missile deal with Poland last year, and in February it won an order from Norway to supply the Cheonmu multiple-rocket launcher system valued at KRW 1.3 trillion (approximately 975 million USD).
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