The company said it intends to use the funds to establish manufacturing facilities abroad and pursue strategic investments in overseas partnerships, with a particular emphasis on European and U.S. markets.
The capital raise underscores Hanwha Aerospace’s ambitions to solidify its position in the global defense industry. The company has set aggressive targets of 70 trillion won in sales and 10 trillion won in operating profit by 2030.
Approximately 1.6 trillion won will be allocated to building production bases for land systems and acquiring stakes in foreign defense firms. Poland and Romania, where Hanwha has secured significant export contracts for its K9 Thunder self-propelled howitzers, are expected to be key targets for these investments.
The move comes as global security dynamics shift under the Trump administration. European nations are ramping up rearmament programs, while the United States expands its naval capabilities.
“Through strategic large-scale investments, we aim to make a quantum leap in corporate value by elevating our position as a global top-tier player in defense, naval systems, and aerospace,” Son Jae-il, Hanwha Aerospace’s chief executive, said in a statement.
The company will invest 800 billion won to expand its presence in maritime defense and shipbuilding, particularly in the United States, reinforcing its “multi-yards” strategy, which links shipyards in South Korea, Singapore, and the U.S.
Hanwha recently acquired a stake in Australian shipbuilder Austal, extending its international shipbuilding network as it seeks to benefit from Washington’s naval expansion plans.
Beyond overseas expansion, the firm plans to invest 900 billion won to upgrade its domestic facilities, reinforcing their role as global research and development hubs and primary manufacturing sites for international operations.
reporter
Kim Dong-young
davekim0807@ajupress.com
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