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Hanwha Group — news, coverage & facts — IJR

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Hanwha Group

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World
Hanwha wins US Army K9 prototype contract
Hanwha Defense USA has won the U.S. Army’s Mobile Tactical Cannon prototype program, to deliver up to 18 K9-based wheeled self-propelled howitzers with an initial six prototypes and an option for 12 more, potentially worth around $233–$263 million. The deal marks a historic step as a finished South Korean weapons system is exported to the U.S., with production facilities being localized in Alabama and a possible follow-on mass-production contract worth up to 10 trillion won.
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Hanwha Group is a large business conglomerate (chaebol) in South Korea. Founded in 1952 as Korea Explosives Co., the group has grown into a large multi-profile business conglomerate, with diversified holdings stretching from explosivestheir original businessto energy, materials, aerospace, mechatronics, finance, retail, and lifestyle services. In 1992, the company adopted its abbreviation as its new name: "Hanwha".

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