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Hanwha Aerospace Pursues European Military Contracts Amid Rising Defense Spending

South Korea's Hanwha Aerospace is actively negotiating weapons manufacturing deals with Germany, the United Kingdom and other European nations as global defense budgets expand sharply. The company is simultaneously ramping up domestic production capacity to meet surging international demand. Hanwha's Global Chief Strategy Officer Alex Wong confirmed the expansion efforts during discussions at the Shangri-La Dialogue, Asia's leading defense forum. The arms manufacturer is capitalizing on heightened military spending across Western nations triggered by ongoing conflicts in Ukraine and the Middle East. The company's strategy targets European contracts while expanding operations in the US. Industry observers note the Korean defense contractor is positioning itself to capture market share as allied nations accelerate procurement cycles and increase defense budgets.