Hanwha has been selected as the final contractor for the Norwegian Army’s Long Range Precision Fire System (LRPFS) next-generation project. The total project value is estimated at around KRW 2.8 trillion.

The Norwegian Ministry of Defence announced on the 29th (local time) that it has selected Hanwha Aerospace as the final contractor for the LRPFS project. The Norwegian parliament had earlier, on the 27th, passed at a plenary session a bill approving the LRPFS procurement project. Following the signing of the contract on the 30th, Hanwha Aerospace will supply the Chunmoo multiple launch rocket system (photo) to Norway.

In the selection process, Hanwha competed with the HIMARS system from U.S. company Lockheed Martin and “Euro-PULS” from KNDS, a German-French joint venture. Initially, public opinion indicated that KNDS had a higher probability of winning the contract, but it is reported that the likelihood of Hanwha securing the deal increased after Kang Hoon-sik, Presidential Chief of Staff, visited Norway last October as a special envoy for strategic economic cooperation and conveyed various cooperation intentions.

The total project value is estimated at around KRW 2.8 trillion. However, approximately KRW 1 trillion is expected to be spent on the purchase of Chunmoo, with the remainder allocated to the Norwegian military’s force integration and related unit maintenance programs. An official in the defense industry stated, “This export will be an opportunity to further consolidate the status of Korean defense technology in the global defense market as it expands into Northern Europe.”

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