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U.S. Army picks Hanwha defence unit for mobile artillery prototypes

U.S. Army picks Hanwha defence unit for mobile artillery prototypes

- The U.S. Army said on Tuesday it had selected Hanwha Defense USA, a unit of South Korea's Hanwha Aerospace 012450.KS, to supply its new Mobile Tactical Cannon, marking a breakthrough for South Korea's biggest defence company in the U.S. weapons market.

The agreement calls for Hanwha to deliver six systems, with an option for 12 more, in a deal worth up to $262.9 million.

After soldier testing, the results will inform whether to field the system. If approved, Hanwha's system would replace the M777 towed artillery in selected units, the U.S. Army said in a statement.

The selection marks a milestone for Hanwha Aerospace as it seeks to leverage its globally successful artillery business into winning orders for U.S. artillery modernisation.

Hanwha, a leading exporter of such systems according to South Korean analysts, has sold K9 self-propelled howitzers and other ground systems to countries including Australia, Norway and Turkey.


(Reporting by Joyce Lee
Editing by Ed Davies)

((joyce.lee@tr.com;))

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