▶Hanwha Systems, First Contract For K2 Tank, 180 Fire Control Systems, KRW 257.4 billion
Hanwha Aerospace and Hanwha Systems hit the jackpot with a defense export contract to Poland.
Hanwha Aerospace announced on the 4th that it has signed an additional executive contract with the Polish Armaments Agency. This agreement is the second executive contract, followed by the framework contract and first executive contract, signed in 2022.
As part of the agreement, Hanwha Aerospace will supply Poland with 152 K9 self-propelled howitzers and an Integrated Logistics Support (ILS) package for maintenance. The contract also covers the supply of 155mm howitzer self-propelled ammunition packages.
The contract, worth around KRW 3.45trillion (USD 2.6 billion), outlines the delivery of K9 self-propelled howitzers, ammunition, and the transfer of technology to streamline local production of maintenance parts for weapon systems, as well as technical support to maintain and renovate and modernize the Polish defense industry.
An official from Hanwha Aerospace stated, "Hanwha Aerospace takes pride in our ongoing commitment to delivering deterrence solutions to key regions with urgent demand. We are dedicated to working with our Polish partners to ensure effective, cost-saving solutions to strengthen their defense capabilities."
Hanwha Systems also announced that it will supply a fire control system for 180 K2 tanks, which signed an export contract with Poland in August last year. The contract size is approximately KRW 257.4 billion.
The K2 tank exported to Poland is divided into the first project, which provides urgent supply with the same specifications as the tanks currently deployed in Korea, and the second project, which provides improved supply to Poland's desired specifications. The export contract carried out this time corresponds to the first project.
The K2 tank's fire control system improves survivability through agile response to various missiles.
Seong-Cheol Eoh, CEO of Hanwha Systems, said, "As awareness of military security increases, K-Defense is writing a new history of defense exports in the Middle East and Europe based on its outstanding strengths in price, quality, and supply." he added "We will expand our export product targets to various fields and countries and help K-Defense to firmly establish itself as a major export industry based on technological competitiveness and reliability."
The link to the Korean version of this article is as below.
By_BK Min, KDFN