Hanwha Aerospace Romania announces EUR 1.3 billion package for country’s defense sector

Hanwha Aerospace Romania has presented an industrial package worth EUR 1.3 billion aimed at “strengthening the country’s defense capabilities and positioning it as a key production and innovation hub in the European defense industry,” according to a company announcement quoted by Agerpres.

The initiative goes beyond a transactional procurement model, focusing on long-term localization and technology transfer, the company said.