The defense industry continues to be a major growth sector for the South Korean economy:
South Korean defense firm Hanwha Aerospace Co. is expected to export an additional batch of Chunmoo multiple launch rocket systems (MLRS) to Poland, a deal estimated at around 2.2 trillion won (US$1.6 billion), multiple sources said Tuesday.
A Polish delegation, led by Deputy Defense Minister Pawel Bejda, plans to observe a test-firing of the K239 Chunmoo MLRS at the state-run Agency for Defense Development’s Anheung testing site in Taean, 109 kilometers southwest of Seoul, on Wednesday.
A successful test of the system, modified to fit a Polish military vehicle, is expected to lead to a deal, sources familiar with the issue said.
As Poland committed to buying 288 units of the Chunmoo and signed a contract to purchase 218 units in November 2022, the anticipated deal is likely to cover the remaining 70 units, they noted.
Yonhap
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