Hanwha Aerospace Secures Roughly $2 B Norwegian Chunmoo Rocket Deal, Signing Completed Jan 30, 2026
Updated (8 articles)
Contract Signed in Oslo on Jan 30, 2026 with $2 B Valuation The Norwegian Defence Materiel Agency and Hanwha Aerospace formalised a deal in Oslo on Jan 30, 2026, attended by senior officials from both governments and Hanwha executives, including CEO Son Jae‑il [1]. The agreement is reported as roughly US $2 billion, though earlier releases listed the value at 19 billion kroner (≈US $1.9 billion) [2][3][5][6]. The ceremony underscored the bilateral nature of the procurement and set the stage for delivery and industrial cooperation plans [1][5].
Sixteen Chunmoo Launchers with Up‑to‑500 km Precision Rockets Norway will receive 16 K239 Chunmoo multiple‑rocket‑launcher units, complete with launch vehicles, precision‑guided missiles, training simulators and integrated logistics support [1][2][3][5][6]. The rockets can be fired at multiple ranges, the longest option reaching 500 km, providing the Norwegian Army a new long‑range strike capability [2][3]. Hanwha will also supply a larger, unspecified stock of rockets to sustain operational readiness [2][3].
Delivery Schedule Extends to 2031 and Includes Polish Missile Production Launch systems and training equipment are slated for delivery in 2028‑2029, while missile shipments will occur in 2030‑2031, with production lines established in Poland [2]. An industrial cooperation programme equal to 120 % of the contract value has been proposed, exceeding Norway’s standard 100 % offset requirement for contracts over 50 million kroner [2][5][6]. The offset aims to involve Norwegian and Polish firms in manufacturing and support activities, reinforcing Hanwha’s foothold in the Nordic defence market [2][5][6].
Long‑Term Nordic Partnership Built on a Decade of Korean Equipment Sales Norway has purchased 52 K9 Vidar self‑propelled howitzers and 14 K10 ammunition‑resupply vehicles since 2017, and added K9 Vidar howitzers in September 2025, establishing a sustained defence relationship [1][5][6]. Son Jae‑il highlighted the new Chunmoo contract as evidence of trust earned through these earlier deliveries and announced plans for joint development and local testing in Norway [1]. The deal aligns with Norway’s broader effort to boost long‑range precision strike capabilities amid heightened European security concerns [5][6].
Selection After 2024 Competition and Conflicting Reports on Intended Use Hanwha was the sole bidder meeting performance, schedule and cost criteria in a competition launched in November 2024, beating European and U.S. firms [2]. While most sources describe the system as land‑based artillery, one article mistakenly framed the launch units as supporting Norway’s “space program,” a claim not echoed elsewhere [4]. This discrepancy underscores the need to focus on the confirmed artillery role of the Chunmoo system [1][2][3][5][6].
Sources
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1.
Yonhap: Hanwha Aerospace Secures $2 B Norway Rocket Deal, Eyes Wider Nordic Role: Details the $2 billion contract, 16 launchers, CEO Son Jae‑il’s Nordic security vision, and plans for joint development and testing in Norway .
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2.
Yonhap: Hanwha Aerospace Secures $1.9 bn Norwegian Rocket Launcher Contract: Reports a 19 billion‑kroner deal, 16 launch units, 500 km missile range, delivery timeline 2028‑2031, Polish missile production, and a 120 % industrial cooperation programme .
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3.
Yonhap: Hanwha Aerospace Secures $1.9 B Norway Rocket Contract: Confirms the 19 billion‑kroner value, 16 Chunmoo launchers, 500 km range, and includes training and logistics support .
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4.
Yonhap: Hanwha Aerospace Secures $1.9 bn Norway Rocket Contract: Briefly notes the $1.9 billion contract and 16 launch units, linking them to Norway’s space program—a claim not supported by other reports .
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5.
Yonhap: Hanwha Aerospace Secures $1.9 B Norway Rocket Deal, Contract Set for Friday Signing: Highlights Kang Hoon‑sik’s attendance, mandatory 100 % offset, and the deal’s role in strengthening Norway’s precision‑strike capability .
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6.
Yonhap: Hanwha Aerospace Secures $1.9 B Norway Rocket Deal, Signing Set for Friday: Reiterates the $1.9 billion value, Kang Hoon‑sik’s participation, offset requirements, and the contract’s continuation of Hanwha’s Nordic expansion .
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7.
Yonhap: Hanwha Aerospace Secures Norway Rocket Contract, Signing Set for Friday: Provides an early notice of the pending signing without system details, marking the initial public acknowledgment of the award .
Timeline
2017 – Norway begins a defence procurement relationship with Hanwha, purchasing K9 Vidar self‑propelled howitzers and K10 ammunition‑resupply vehicles, laying the foundation for future collaborations [2].
2023 – Opposition parties cite Hyundai Rotem’s loss to Germany’s KMW in a 2023 tank bid as a cautionary example while debating Norway’s preference for a European solution in large‑scale arms procurements [1].
Nov 2024 – Norway launches an international competition for a long‑range rocket system, attracting bids from the United States, Europe and South Korea; the competition later selects Hanwha as the only bidder meeting performance, schedule and cost criteria [3].
16 Apr 2025 – Hanwha’s Chunmoo system conducts a two‑day nighttime live‑fire drill off Goseong, Gangwon Province, demonstrating its capability to fire precision rockets toward the sea under combat‑like conditions [4].
19 Sep 2025 – Norway signs a contract for 24 additional K9 Vidar howitzers, signed by Hanwha CEO Son Jae‑il and NDMA director‑general Gro Jaere, reinforcing confidence in Hanwha’s delivery record [1].
Early Jan 2026 – NDMA adviser Endre Lunde says “the interval from approval to signature is usually measured in days, not weeks,” indicating an early‑February signing window once parliament passes the procurement bill [1].
27 Jan 2026 – Yonhap reports that Hanwha Aerospace has been awarded a Norwegian rocket contract and that the formal signing is slated for the upcoming Friday, signalling the deal is near finalisation [8].
28 Jan 2026 – Sources confirm the signing ceremony will involve South Korean presidential chief of staff Kang Hoon‑sik and note Norway’s mandatory 100 % industrial‑offset requirement for contracts over 50 million kroner [7].
28 Jan 2026 – Industry sources reiterate that the $1.9 billion deal will be signed in Oslo on Friday and highlight Hanwha’s expanding Nordic footprint after the September 2025 K9 Vidar sale [6].
29 Jan 2026 – Norway’s Ministry of Defence announces a 19 billion‑kroner (≈US$1.9 bn) contract for 16 Chunmoo launch units, missiles with up to 500 km range, training equipment and logistics support; the award follows the Nov 2024 competition and includes an industrial‑cooperation programme equal to 120 % of the contract value [3][4][5].
30 Jan 2026 – A signing ceremony takes place in Oslo, attended by senior officials from South Korea and Norway, formally sealing the Chunmoo contract and underscoring the bilateral nature of the agreement [2].
2 Feb 2026 – CEO Son Jae‑il declares, “We will contribute to the long‑term security of the Nordic region,” as Hanwha finalises the $2 billion rocket deal and outlines plans for joint development, local testing in Norway and broader Nordic market expansion [2].
2028‑2029 (planned) – Hanwha schedules delivery of the Chunmoo launch systems and training equipment to the Norwegian Armed Forces, aligning with Norway’s broader modernisation programme [3].
2030‑2031 (planned) – Missile production is set to occur in Poland, with shipments to Norway expected during this period, fulfilling the contract’s long‑range strike capability [3].
Future (post‑signing) – Hanwha intends to deepen industrial ties by involving Norwegian firms in development projects, fulfilling the 120 % offset commitment and positioning itself as a long‑term Nordic security partner [2][3].
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