Hanwha Aerospace plans over $20 billion global investment to expand defence and security portfolio

By Lukasz Prus (Defence Industry Europe)

South Korean defence company Hanwha Aerospace released a new promotional video showcasing the concept of its upcoming K9A3 155mm self-propelled howitzer. Despite its designation, the K9A3 is expected to differ significantly from previous K9 variants, featuring a new unmanned turret, autoloader, and a longer 58-calibre barrel.
Image: Hanwha Aerospace.

Hanwha Aerospace, part of the Hanwha Group, has invested US$7.6 billion over the past five years across countries including Singapore, Vietnam, Australia, the United States, Romania, and Poland. The company has announced plans to invest more than $20 billion over the next five years to support nations’ defence and security objectives with platforms and solutions "from the seabed to space."

 

Operating under a multi-domestic model, Hanwha Aerospace emphasises localisation, sovereign capability development, and in-country industrial collaboration. This approach has been particularly evident in Australia, where the company has committed multimillion-dollar investments in infrastructure and personnel.

 

 

In August 2024, Hanwha Defence Australia officially opened the Hanwha Armoured Vehicle Centre of Excellence (H-ACE) in Geelong, Victoria. The facility manufactures the K9-derived AS9 Huntsman self-propelled howitzer and the AS10 armoured ammunition resupply vehicle, and is preparing to begin localised production of the AS21 Redback Infantry Fighting Vehicle for the Australian Army.

The Geelong investment has generated significant economic and employment benefits while strengthening Australia’s defence industrial base. According to the company, this model of partnership is being replicated in other countries, including Poland and Romania, delivering both economic value and enhanced resilience.

 

 

Hanwha Aerospace positions itself as a contributor to national defence ecosystems with a diverse portfolio of technologies. Its capabilities span land, sea, air, and space, including advanced air and missile defence systems, robotic and autonomous platforms, precision-guided munitions, propulsion technologies, satellite solutions, and laser-based counter-drone systems.

 

 

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