Hanwha Aerospace, South Korea’s biggest defence firm, expects European land arms revenue to double by 2027, driven by its willingness to ink deals to make its products in overseas customers’ home countries. South Korean officials and business executives have made joint production a key part of their pitch to prospective overseas customers to help ease their domestic political pressures to build weapons at home in order to create jobs and protect supply chains. Hanwha, the world’s largest exporter of howitzers, with more than 60% of the global export market, is at the forefront of South Korea’s ramp-up of defence exports as Russia’s invasion of Ukraine opened the door for contracts from Europe, the Middle East and Asia-Pacific.Read More