Hanwha

South Korea's DAPA has signed a contract with Hanwha Ocean for the detailed design and construction of the first-in-class KDDX destroyer. The target delivery date to the ROK Navy is 2032. The KDDX destroyer is a significant addition to South Korea's naval capabilities.

Hanwha Ocean has laid the keel of the sixth FFX Batch III frigate for the Republic of Korea Navy at its Geoje shipyard. The ceremony marked the start of construction for the final ship in the six-vessel program. The FFX Batch III frigates are part of the ROK Navy's modernization efforts.

Hanwha Aerospace's Arion-SMET unmanned ground vehicle has been chosen for South Korea's first military unmanned ground vehicle acquisition program. The program marks a significant milestone for the Republic of Korea Armed Forces. The Arion-SMET will be used to enhance the country's military capabilities.

Hanwha Ocean is expanding its US shipbuilding presence through a design deal with Leidos for military sealift and new workforce partnerships. The agreements cover military sealift design, workforce training, and supply-chain development. This move aims to strengthen Hanwha Ocean's position in the US shipbuilding industry.

Hanwha Philly Shipyard has been awarded a $2 billion contract to build two missile-tracking vessels for the US Navy, replacing the aging Pacific Tracker and Pacific Collector. The new vessels will support the US missile defense program. The contract is part of a larger effort to revitalize US shipbuilding and enhance national security capabilities.

Hanwha Ocean has been selected as the preferred bidder for South Korea's KDDX next-generation destroyer program, valued at $5.1 billion. The KDDX program aims to develop a new generation of Navy destroyers for South Korea. Hanwha Ocean's selection marks a significant milestone in the program's progression.

Hanwha Systems unveiled its new Striker Medium Uncrewed Surface Vessel (MUSV) at Eurosatory 2026, a concept aimed at bringing missile firepower to an autonomous naval platform. The Striker-S represents a departure from small explosive-laden surface drones. The vessel is designed to provide a new capability for naval operations.

S&P Global Ratings assigned Hanwha Aerospace an 'A-' long-term issuer credit rating with a stable outlook. This endorsement opens doors in international capital markets for the South Korean defense company. Hanwha Aerospace is a major arms maker, known for producing various defense systems and platforms.