South Korea to sell Croatia 18 Chunmoo MLRS for €410 million
South Korean company Hanwha Aerospace has signed a contract with Croatia’s Ministry of Defence to export 18 Chunmoo multiple launch rocket systems. The deal is worth €410 million, or about 640 billion won and $477 million.
Contract with Croatia
As Korea Herald reports, the agreement was signed on Thursday local time. According to South Korea’s Defense Acquisition Program Administration, this is the first major defense contract between South Korea and Croatia.
South Korean Defence Minister Ahn Gyu-back and Defense Acquisition Program Administration chief Lee Yong-cheol attended the signing ceremony hosted by Croatia’s prime minister. The parties discussed opportunities to expand bilateral defense cooperation.
More current news is available on the UA.News Telegram channel Telegram.
Fourth buyer in Europe
Croatia became the fourth European country to purchase the Chunmoo system, after Poland, Estonia and Norway. Chunmoo is a South Korean multiple launch rocket system developed primarily to counter threats from North Korea’s long-range artillery. The system can deliver rapid precision strikes using rockets and missile munitions of various ranges.
South Korea’s Defense Acquisition Program Administration expects Chunmoo exports to contribute to long-term strategic cooperation with Croatian defense companies, including industrial cooperation and post-delivery logistics support.
