Hanwha Aerospace Signs $110M Contract to Deliver Modular Charge Systems to Sweden

Image credit:Hanwha

Hanwha Aerospace has signed a three-year framework agreement with the Swedish Defence Materiel Administration (FMV) to supply Sweden with fully NATO-standard-compliant Modular Charge Systems (MCS) for its artillery forces. The agreement includes an initial call-off order worth approximately $110 million and represents a significant milestone in expanding defense collaboration between South Korea and Sweden.

The official signing took place during the Association of the United States Army (AUSA) 2025 Annual Meeting in Washington, D.C. The ceremony was attended by senior representatives from both sides, including Billy Boo-Hwan Lee, Head of the PGM Business Group at Hanwha Aerospace, and Jonas Lotsne, Head of the Army Materiel Division at FMV.

A Continued Partnership Built on Trust and Performance 

This latest contract builds upon a successful initial MCS supply agreement signed last year between Hanwha Aerospace and Sweden. The repeat partnership demonstrates Sweden’s growing confidence in Hanwha’s technological capabilities, product quality, and delivery performance. It also underscores Hanwha’s reputation as a trusted global defense partner with a growing presence across Northern Europe.

For Sweden, the new deal secures a critical supply of propellant systems necessary for maintaining readiness and operational capability across its artillery platforms. For Hanwha, it reinforces the company’s strategic vision of expanding its defense exports and deepening industrial partnerships in Europe.

Next-Generation Modular Charge Systems for Modern Artillery 

The Modular Charge System (MCS) is a next-generation propellant technology designed for 155 mm artillery platforms. Its modular design provides enhanced flexibility and precision, allowing artillery operators to select the optimal number of propellant modules required for specific range and firing conditions. This adaptability improves firing efficiency, reduces logistical burdens, and enhances the safety of handling and storage.

Hanwha’s MCS is fully compliant with NATO standards, ensuring complete interoperability with a wide range of allied artillery systems—including the company’s own K9 Thunder self-propelled howitzer, one of the most widely deployed artillery systems in the world. The system has been developed through decades of research and field experience, combining reliability, safety, and performance in modern battlefield conditions.

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Leadership Statements Reflect Growing Collaboration

 Billy Boo-Hwan Lee, Head of the PGM Business Group at Hanwha Aerospace, emphasized the depth of cooperation between the two nations. “This contract is a tangible result of the deep trust and collaborative partnership we have built with Sweden over the years,” Lee said. “We are committed to delivering the highest quality and most reliable Modular Charge Systems, contributing meaningfully to the enhancement of Sweden’s national defense capabilities.”

Jonas Lotsne, Head of the Army Materiel Division at FMV, highlighted the importance of strategic partnerships in ensuring defense readiness. “Our contracts with Hanwha are an important part of securing propellant supplies for the Swedish Armed Forces,” he stated. “At the same time, we are investing significant effort in Nordic cooperation to increase production capacity within the region and strengthen supply chain resilience.”

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Expanding Hanwha’s Footprint in Northern Europe 

Beyond the current agreement, Hanwha Aerospace is pursuing broader opportunities in Northern Europe. The company plans to expand its defense cooperation with neighboring countries such as Norway and further strengthen ties with Sweden through proposals for advanced weapon systems. Among these are the K9 self-propelled howitzer—already adopted by several NATO countries—and the Chunmoo multiple rocket launcher system (MRLS), known for its long-range precision and adaptability across diverse combat scenarios.

Hanwha Aerospace’s growing engagement in Europe aligns with its broader strategy to become a key global player in defense manufacturing and technology. The company’s recent successes in securing long-term contracts and partnerships underscore its capacity to deliver advanced, NATO-compliant solutions tailored to the evolving needs of allied nations.

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A Step Forward in Global Defense Collaboration

The $110 million MCS agreement not only reinforces Hanwha’s role as a trusted defense partner but also strengthens Sweden’s artillery modernization program. It serves as a model of international collaboration where advanced technology, shared security interests, and mutual trust converge to enhance regional defense capabilities.

As Hanwha continues to expand its partnerships and introduce innovative defense systems to the global market, the company is positioning itself as a cornerstone of modern, interoperable defense infrastructure—supporting peace, stability, and preparedness across allied nations.

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