WB 49% stake in Hanwha JV

The joint venture turns WB from a systems integrator into a partial owner of missile manufacturing capacity, which makes its Homar-K role much stickier. Instead of only supplying software, networking, and integration around the launcher, WB now shares in the factory that will build the CGR-080 rockets in Poland, tying it to ammunition production, follow on support, and future export sales into Europe.

• The 49% and 51% split shows the real trade. Hanwha keeps control of the missile technology and program management, while WB secures local industrial participation, Polish production, and a seat inside the economics of every rocket built for Homar-K.
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• This is bigger than one subcontract. By late 2025 the venture had been formally established, and by December 29, 2025 it was leading the consortium that signed Polands third Homar-K executive contract for thousands of CGR-080 rockets, worth about PLN 14 billion, with first deliveries expected from the local factory later in the decade.
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• The factory itself matters. Both companies said the new plant will cost more than PLN 1 billion, which signals long duration demand and creates a domestic replenishment base, not just an assembly line for an imported Korean system.
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The next step is for WB to use this model again, combining Polish command software and integration know how with foreign weapons technology to localize more of the ammunition stack. If that works, WB becomes harder to displace, because it will sit inside both the digital layer and the recurring missile resupply business.