Hanwha Group Launches Hanwha Defense

Hanwha Group Launches Hanwha Defense

Hanwha Land Systems, a defense industry affiliate of Hanwha Group, has absorbed its subsidiary Hanwha Defense and changed its name to Hanhwa Defense. In October last year, Hanwha Group decided to merge Hanwha Land Systems and its subsidiary Hanwha Defense to create a bigger company.

Hanwha Defense K9A1 Self-propelled Howitzer
Hanwha Defense K9A1 Self-propelled Howitzer

Hanwha Land Systems specializes in K9 self-propelled guns while the absorbed Hanwha Defense produces maneuver and launching systems such as the K21 armored vehicle and the Biho self-propelled twin-gun. The newly launched Hanwha Defense aims to become a general defense company with strengths in the fields of firepower, maneuvering, air defense and unmanned systems, a company official said.
Hanwha Defense K21 Infantry Fighting Vehicle
Hanwha Defense K21 Infantry Fighting Vehicle

The merger will expand the new company’s assets and sales, enabling it to achieve economies of scale, cost cuts and cost efficiency. As a result of the merger, the Hanwha Group’s defense affiliates will consist of Hanwha Corp., Hanwha Aerospace, Hanwha Systems and Hanhwa Defense.
Hanwha Defense Gun and Missile Air Defense System
Hanwha Defense Gun and Missile Air Defense System

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