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Hanwha Defense eyes global armored vehicle market

Eurosatory defense exposition.
Eurosatory defense exposition.
[THE INVESTOR] Hanwha Defense Systems announced on June 17 that it has signed a 7.5 million euro (US$ 8.4 million) gun turret supply deal with CMI Defence at the Eurosatory defense exposition.

CMI Defence is a Belgium based military equipment maker that specializes in weapons systems for armored vehicles.

Under the contract, Hanwha will be supplied with 105 mm gun turret, which will then be used in building light infantry fighting vehicle based on the K21. The K21-based vehicle will be designed solely for export, Hanwha Defense said. 

Hanwha Defense, formerly known as Doosan DST, has been showcasing infantry fighting vehicles built with CMI Defence products in recent years at international shows to analyze the market.

According to Hanwha Defense chief Shin Hyun-woo, the global market has higher demand for infantry fighting vehicles than for tanks.

He added that the company plans to combine CMI Defence’s turret with the K21 to design a new model for exports.

By Choi He-suk (cheesuk@heraldcorp.com)

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