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#15Largest Defence Co · 2026

Hanwha Aerospace

The most aggressive growth story in the global defence industry today.

Defence Revenue
$14B
HQ
South Korea
Founded
1977
Employees
~33,000
Listing
KRX: 012450

Overview

Hanwha Aerospace has, in the space of three years, transformed from a regional player into a global top-fifteen defence company. K9 self-propelled howitzers to Poland, Egypt, Australia, India, Norway, Romania, and Estonia. Chunmoo rocket artillery systems. Redback infantry fighting vehicles to Australia. The integration of Hanwha Ocean adds the naval shipbuilding leg that the company was missing. Hanwha is the breakout story of the decade.

Recent Strategic Moves

Largest K9 export contract in company history signed with Romania. Redback IFV deliveries to Australia ramping. Hanwha Ocean winning major naval orders in Asia-Pacific.

Flagship Products & Programmes

K9 Thunder SPHChunmoo MLRSRedback IFVKAAV-II amphibious assaultKSS-III submarine (via Hanwha Ocean)

Business Categories

Self-Propelled ArtilleryRocket ArtilleryInfantry Fighting VehiclesNaval Platforms