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Home > Finance > Norway orders $2 billion artillery system from South Korea's Hanwha Aerospace

Norway orders $2 billion artillery system from South Korea's Hanwha Aerospace

Published by Global Banking and Finance Review

Posted on January 29, 2026

1 min read

Last updated: January 29, 2026

Norway orders $2 billion artillery system from South Korea's Hanwha Aerospace - Finance news and analysis from Global Banking & Finance Review

Tags:International trade

Quick Summary

Norway secures a $2 billion contract with Hanwha Aerospace for long-range artillery systems, enhancing its defense against Russia.

Norway Secures $2 Billion Long-Range Artillery from Hanwha Aerospace

Norway's Defense Procurement Strategy

OSLO, Jan xx (Reuters) - The Norwegian government said on Thursday it has signed a $2 billion contract to buy long-range artillery systems from South Korean defence group Hanwha Aerospace as the NATO country seeks to boost its deterrence against Russia.

Details of the Contract

(Reporting by Terje Solsvik, editing by Essi Lehto)

Key Takeaways

•Norway signs $2 billion contract with Hanwha Aerospace.
•The deal aims to enhance Norway's defense capabilities.
•Part of NATO's strategy to deter Russian aggression.
•Hanwha Aerospace is a leading South Korean defense group.
•The contract reflects Norway's defense procurement strategy.

Frequently Asked Questions about Norway orders $2 billion artillery system from South Korea's Hanwha Aerospace

1What is military technology?

Military technology encompasses the tools, equipment, and systems used by armed forces to enhance their operational capabilities and effectiveness.

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Home > Finance > Norway orders $2 billion artillery system from South Korea's Hanwha Aerospace

Finance

Norway orders $2 billion artillery system from South Korea's Hanwha Aerospace

Published by Global Banking and Finance Review

Posted on January 29, 2026

1 min read

Last updated: January 29, 2026

Tags:International trade

Quick Summary

Norway secures a $2 billion contract with Hanwha Aerospace for long-range artillery systems, enhancing its defense against Russia.

Norway Secures $2 Billion Long-Range Artillery from Hanwha Aerospace

Norway's Defense Procurement Strategy

Details of the Contract

(Reporting by Terje Solsvik, editing by Essi Lehto)

Key Takeaways

•Norway signs $2 billion contract with Hanwha Aerospace.
•The deal aims to enhance Norway's defense capabilities.
•Part of NATO's strategy to deter Russian aggression.
•Hanwha Aerospace is a leading South Korean defense group.
•The contract reflects Norway's defense procurement strategy.

Frequently Asked Questions about Norway orders $2 billion artillery system from South Korea's Hanwha Aerospace

1What is military technology?

Military technology encompasses the tools, equipment, and systems used by armed forces to enhance their operational capabilities and effectiveness.