Hanwha Aerospace Secures $481.5M Contract for South Korea's L-SAM Missile Defense
The Defense Acquisition Program Administration (DAPA) has awarded Hanwha Aerospace a contract worth **705.4 billion won** (approximately **$481.5 million**) for the production of the L-SAM missile defense system components. This contract, spanning until **2030**, underscores South Korea's commitment to advancing its missile defense infrastructure and signals growing opportunities in the defense sector for vendors.