Next-generation long-range missile system
Cooperation on first-stage solid-fuel motor development
Hanwha Ocean joins U.S. Navy shipbuilding speed race
Major affiliates sign MOU with Canadian provincial government
Cooperation on first-stage solid-fuel motor development
Hanwha Ocean joins U.S. Navy shipbuilding speed race
Major affiliates sign MOU with Canadian provincial government
Hanwha Group is accelerating its U.S. push through a string of partnerships with established American defense contractors. In Canada, the conglomerate has launched broad cooperation with a provincial government as it targets the next-generation submarine program (CPSP), a project valued at about KRW 60 trillion (roughly $45 billion). On April 22, Hanwha Group said Hanwha Aerospace(012450) signed a memorandum of agreement (MOA) with Northrop Grumman at the SAS (Sea-Air-Space) 2026 exposition in National Harbor, Maryland. The MOA covers cooperation on the development of a first-stage solid-fuel motor for Northrop Grumman’s AReS (Advanced Reactive Strike) missile system.
Northrop Grumman, alongside Lockheed Martin and Boeing, is one of the three dominant U.S. aerospace and defense firms.
AReS is a ground-launched, long-range missile system Northrop Grumman is developing that requires advanced propulsion to allow near-instant launches following rapid maneuvering. Under the MOA, Hanwha Aerospace will participate from the early stages of developing the AReS first-stage rocket motor. The partners plan a demonstration of the jointly developed system in 2027.
“A resilient defense-industrial base is central to the United States and its allies preserving credible deterrence amid rapidly evolving warfare,” a Hanwha Aerospace official said. “This collaboration will deepen our technical and manufacturing capabilities and help pave our entry into the U.S. defense market.”
Hanwha Ocean(042660) also signed an MOU the same day with Leidos’ Gibbs & Cox to bolster shipbuilding capabilities for the U.S. and allied navies. Gibbs & Cox, a principal Leidos subsidiary, has been a leader in naval architecture, having designed more than 70% of U.S. Navy surface combatants since World War II.
Under that agreement, the companies will collaborate on Hanwha Ocean–style ship designs optimized to U.S. Navy specifications, co-develop next-generation vessels, and build supply chains leveraging production facilities in both the United States and South Korea.
Also on April 22, Hanwha Group signed a separate MOU with the provincial government of Alberta at the government building in Edmonton. The agreement frames comprehensive cooperation across energy, defense, and shipbuilding. Key affiliates — Hanwha Energy, Hanwha Ocean, Hanwha Aerospace, and Hanwha Power — are listed as strategic partners in the MOU, which industry observers view as part of Hanwha’s bid efforts for the CPSP.
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