This selection may indicate a breakthrough for Hanwha Aerospace in the US weapons market, suggesting a potential shift in the competitive landscape of defence contracting. The deal could strengthen Hanwha's position as a leading exporter of artillery systems, which may have implications for future US artillery modernisation efforts.
South Korean Defence Company Wins Major US Contract
The US Army has selected Hanwha Defense USA, a unit of South Korea’s Hanwha Aerospace, to supply its new Mobile Tactical Cannon. The agreement calls for Hanwha to deliver six systems, with an option for 12 more, in a deal worth up to $262.9 million. The system, which may replace the M777 towed artillery, will undergo soldier testing before a potential fielding decision. This development was first reported by Reuters.
This selection may indicate a breakthrough for Hanwha Aerospace in the US weapons market, suggesting a potential shift in the competitive landscape of defence contracting. The deal could strengthen Hanwha's position as a leading exporter of artillery systems, which may have implications for future US artillery modernisation efforts.
South Korean Defence Company Wins Major US Contract
The US Army has selected Hanwha Defense USA, a unit of South Korea’s Hanwha Aerospace, to supply its new Mobile Tactical Cannon. The agreement calls for Hanwha to deliver six systems, with an option for 12 more, in a deal worth up to $262.9 million. The system, which may replace the M777 towed artillery, will undergo soldier testing before a potential fielding decision. This development was first reported by Reuters.