Hanwha Aerospace and Poland’s largest private defense company, WB GROUP, have signed a term sheet for a future joint missile production facility in Poland. The plant will manufacture CGR-080 guided rockets with an 80 km range for the Homar-K system.
Hanwha Aerospace will hold 51% of the shares in the new entity, while WB Electronics S.A., a WB GROUP company, will own the remaining 49%. The company will be formally established following antitrust approval.
The agreement was signed by Piotr Wojciechowski, President of WB GROUP, and Billy Boo-hwan Lee, Head of PGM Business Group at Hanwha Aerospace. Attendees included Paweł Bejda, Secretary of State and Deputy Minister of National Defence; Brig. Gen. Dr. Artur Kuptel, Head of the Armament Agency; Hoonmin Lim, Ambassador of the Republic of Korea to Poland; and Peter Bae, CEO of Hanwha Aerospace Europe.
Deputy Minister Bejda thanked both companies and the Korean government, expressing appreciation to Ambassador Hoonmin Lim.
“A proven partner, Korea is ready to share its advanced technologies with Poland,” he stated. He also expressed hope that other types of guided missiles could be produced in Poland, with full support from the Polish government and MoD.
“This letter of intent is a key step toward establishing a joint company with WB GROUP. We believe this project will strengthen Poland’s industrial capabilities, support Armed Forces modernization, and open new opportunities for joint expansion into European markets with proven battlefield technologies,” said Billy Boo-hwan Lee.
WB GROUP President Piotr Wojciechowski added:
“This document defines a clear roadmap for building a missile production plant in Poland. Cooperation between WB Electronics and Hanwha Aerospace shows how Polish and Korean industries can complement each other. The plant will increase Poland’s independence in ammunition production and unlock enormous potential for industrial and economic growth. It will become a supply hub not only for the Polish Armed Forces but also for other European militaries. This will be a Polish-registered company, paying taxes in Poland, employing Polish engineers and workers, and developing domestic and European supply chains.”
Michael Coulter, President and CEO of Hanwha Global Defense, concluded:“This agreement is a milestone in Hanwha’s global expansion and confirms our commitment to supporting partners in building sovereign defense and deterrence capabilities.”
