Reported 11 months ago
Hanwha Aerospace Co., a leading defense contractor in South Korea, has experienced a significant revival in its ground weapons production, with growing demand due to its ability to deliver traditional weapons faster and at lower costs than US or EU companies. The company's export revenue from weaponry grew elevenfold to $1.1 billion in just two years, highlighting the gap in the global defense industry that has allowed Hanwha to excel in providing reliable, affordable weapons as demand for defense spending increases worldwide.
Source: YAHOO