Hanwha Group to invest $299 mil. into US defense subsidiaries
The funding includes $149 million for Hanwha Defense USA and $150 million for Hanwha Futureproof as the group expands its U.S. defense presence.
6 Articles
6 Articles
Hanwha Group is investing over 400 billion won into its local subsidiary to target the U.S. defense market. Having achieved results such as being selected on the 19th as the contractor for the U.S. Army's next-generation self-propelled howitzer prototype, Hanwha is now setting out to secure a full-scale local production base.
(Seoul = Yonhap News) Reporter Hong Kyu-bin = Hanwha, which is actively targeting the U.S. defense market, is injecting a large amount of capital into its local subsidiary.
[Digital Daily Reporter Choi Min-ji] Hanwha is writing a new chapter in history in the United States, the world's largest defense market. On land, the K9 Wheeled Self-Propelled Howitzer (K9MH) has entered the U.S. Army market, surpassing global defense powerhouses. At sea, using the Philly shipyard as a forward base, the company is pursuing entry into the U.S. Navy vessel market and even aiming to acquire Austal USA. To support this, the compan…
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