What Happened
South Korean Defense Industry Breaks Into US Market
Hanwha Aerospace has secured a contract with the US Army to supply prototypes of its K9 self-propelled howitzer, marking a major breakthrough for the South Korean defense industry. The initial contract is valued at $100.3 million, with an option for an additional $162.6 million. Hanwha will deliver six Mobile Tactical Cannon prototypes, with potential production requirements estimated at 500 systems, worth $7.14 billion. The deal is seen as a payoff from Hanwha’s years-long push to break into the US defense market, as reported by Asia News Network.