On Tuesday, WB Electronics signed an investment agreement with the Korean Hanwha Aerospace for the creation of a joint venture and the construction of a CGR-080 rocket factory in Poland.
The contract was signed in Kielce during the International Defense Industry Salon. The factory is to be responsible for the production of CGR-080 missiles with a range of 80 km for lobster systems. It is also planned to offer missiles on European markets.
As agreed, Hanwha Aerospace will cover 51 percent shares in a joint entity, while WB Electronics will have the remaining 49 percent. – we read in a communication.
Hanwha Aerospace is part of the Hanwha Group holding, but it was founded by Samsung in 1977 and was called Samsung Precision at the beginning, and ten years later – Samsung Aerospace. Then she started working on helicopters. She also produced Kenox photographic aparts.
In 2015, Samsung sold the company's shares for Hanwha Corporation. Under the new name of Hanwha Techwin, the company has expanded its activity in the field of defense and electronics, from precise directed ammunition, to airlines and a platform of ground equipment, self -propelled howitzers, as well as Hanwha Thales avionics and radars. In 2016, Doosan DST, the Defense Industry Department of the Doosan Group, was taken over, thus expanding defensive activities to include armored vehicles, air defense systems and rocket launcher systems.
WB Electronics is a private Polish company, although with a 26 % share of the PFR State Fund, which specializes in the production of Flyeye and FT-5 observation drones as well as warmate and Gladius combat. The company's main shareholders are private persons: Piotr Wojciechowski (45.5 percent of shares) and Adam Bartosiewicz (28.1 percent) and from the first letters their names the name of the company was created.
Currently, the WB Electronics group employs 1.8 thousand. people, of which the main part is engineers. Her bonds are listed on the public market. The revenues amounted to last year. up to PLN 3 billion and net profit PLN 623 million. It is 107 percent respectively. IO 166 percent more than in the previous year. The group operates on dozens of markets, including the USA, South America, North Africa, India, Vietnam and Malaysia. But last year, the Polish army became the main recipient of production, only 35 percent came from exports. revenues.
