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Australia signs $717 million defence deal with South Korea's Hanwha

Under the terms of the deal, South Korean defence company Hanwha Corp will build 30 self-propelled howitzers and 15 armoured ammunition resupply vehicles for Australia.

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Photo: Bloomberg

Colin Packham | Reuters Canberra
Australia signed a A$1 billion ($716.5 million) defence deal with South Korea on Monday, boosting Seoul's efforts to grow its military exports.
 
Under the terms of the deal, South Korean defence company Hanwha Corp will build 30 self-propelled howitzers and 15 armoured ammunition resupply vehicles for Australia.
 
"It's an important further chapter in the defence industry story for Australia as we continue to build our sovereign capability and (South) Korea is an important partner in that journey," Australian Prime Minister Scott Morrison told reporters in Canberra.
 
The deal positions Hanwha as a frontrunner for Australia's planned A$30 billion contract to

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