South Korean company Hanwha Aerospace has announced an investment package worth approximately 100 million euros in Estonia. This move is seen as the beginning of a new phase for Estonia's defense industry.
Redaksiya reports that Hanwha Aerospace, a renowned giant in South Korea's defense sector, has announced a direct investment package worth approximately 100 million euros aimed at strengthening Estonia's technological sovereignty and establishing defense infrastructure in the country. When economic impacts and joint research and development projects are included, the total value of this investment package is expected to reach 260 million euros.
The projects that the company will implement in Estonia will make significant contributions to the development of the local defense industry, the application of new technologies, and job creation. This investment will also further enhance Estonia's role in regional security.
Officials from Hanwha Aerospace emphasized the strategic importance of cooperation with Estonia, stating that this investment is based on long-term perspectives. The company noted its focus on increasing Estonia's defense capabilities and bringing modern technologies to the country.