Presidential Chief of Staff Kang Hoon-sik (fourth from left) on Dec. 29 shakes hands with Polish Deputy Prime Minister and Minister of National Defence Wladyslaw Kosiniak-Kamysz at the signing ceremony for the third executive agreement on the supply of Korea's Chunmoo guided missiles at the Polish Army Museum in Warsaw. From left are Hanwha Aerospace CEO and President Son Jae-il; Polish Secretary of State at the Ministry of National Defence Pawel Bejda; (from fifth from left) Maj. Gen. Artur Kuptel, head of the Polish Armaments Agency; Defense Acquisition Program Administration Minister Lee Yong Cheol; and Won Jong-dae, head of the Office of Military Resources Management at the Ministry of National Defense. (Hanwha Aerospace)

By Yoo Yeon Gyeong

The country's defense industry has secured two big contracts abroad.

Hanwha Aerospace on Dec. 30 announced its conclusion of a "third execution contract" worth KRW 5.6 trillion with the Polish Armaments Agency to supply the company's Chunmoo precision-guided missile (CGR-080) with a range of 80 km.

The contract was signed by the consortium Hanwha-WB Advanced Systems (HWB), a joint venture launched in October by Hanwha Aerospace and the Polish defense company WB Electronics.

Production of the missiles is expected to start in 2030 at HWB's customized plant in Poland, with supply to be completed by 2032.

HD Hyundai Heavy Industries also announced on Dec. 26 its signing of a deal with the Philippine Department of National Defense to build two 3,200-ton frigates for KRW 844.7 billion. Both vessels are scheduled for completion and delivery to the Philippine Navy by the second half of 2029.

dusrud21@korea.kr