Hanwha builds Australian plant for howitzers, armored vehicles

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South Korea’s Hanwha Aerospace Co.has completed building its first overseas plant for self-propelled howitzers and ammunition carriers in Australia to advance into the defense market related with the security alliance of the Oceanian country, the UK and the US.

Hanwha Aerospace will use H-ACE as the defense products manufacturing base for Australia and its key allies amid increasing demand for such products in the Indo-Pacific region with global geopolitical risks, an official of the company said.

Australia’s Deputy Prime Minister and Minister for Defense Richard Marles, Korea’s Minister of Defense Acquisition Program Administration Seok Jong Gun and Hanwha Aerospace Chief Executive Son Jae-il were among those who attended the factory’s opening ceremony on Friday.

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Category: Economy

Markets: South KoreaAustraliaCanadaNew ZealandPoland

Topics: As10 Defense Korea’s Ammunition Units Self-propelled Hanwha Production Plant Australia Aerospace

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-23 @ 16:58:24 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 364 words

Reading Time: 3 minutes read

Sentences: 19 lines

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Copyright Owner: © Korea Economic Daily

News ID: 22225919

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