Hanwha Aerospace Signs Follow-up Chunmoo Export Deal with Estonia Just 5 Months After Initial Contract

Five Months After Initial Contract in December Last Year

“Timely Delivery and Project Trust” Lead to Follow-up Order

Hanwha Aerospace will supply three additional Chunmoo multiple launch precision-guided weapon systems to Estonia. This follow-up contract was signed five months after the initial agreement was reached last year.

Cheonmu Multiple Launch Rocket System. Hanwha Aerospace

Hanwha Aerospace announced that, following the signing of a government-to-government (G2G) export contract between the Korea Trade-Investment Promotion Agency (KOTRA) and the Estonian Centre for Defence Investments (ECDI) on May 11, it will deliver three more Chunmoo systems to the Estonian military.

This contract is for a subsequent batch following the Chunmoo acquisition contract signed in December last year, which was valued at approximately 290 million euros (about KRW 520 billion at the time). The initial agreement included six Chunmoo launchers, three types of guided missiles (CGR-080, CTM-MR, and CTM-290), as well as operational and training support.

Estonia is currently working to modernize its multiple launch rocket capabilities as part of its National Defence Development Plan 2031 (RKAK 2031). Hanwha Aerospace explained that this additional contract was made possible thanks to its timely supply capabilities and the trust built up during the execution of the previous project.

Estonian Minister of Defence Hanno Pevkur stated, "The additional deployment of three Chunmoo systems is highly significant for enhancing Estonia's defense capabilities," adding, "It is an example of the ongoing close cooperation with Hanwha."

Son Jaeil, CEO of Hanwha Aerospace, said, "We are honored to further contribute to strengthening Estonia's defense capabilities and defense industry ecosystem through this additional supply," and added, "We will continue to actively introduce Hanwha's defense solutions in the Baltic region and strengthen our strategic partnerships going forward."

This content was produced with the assistance of AI translation services.