Hanwha Aerospace selected to build prototypes for US Army mobile artillery program

Hanwha Aerospace has been chosen to create prototypes for a U.S. Army initiative to introduce wheeled self-propelled artillery systems, potentially leading to a contract worth up to $7.1 billion, according to the company. This marks the first time a Korean defense company has secured a U.S. military program involving a complete weapons system, marking a significant milestone for Korea's defense industry as it aims to increase exports to the world's largest defense market.

Hanwha Aerospace's U.S. subsidiary, Hanwha Defense USA, has signed an agreement with the U.S. Army to provide six prototype systems for the Mobile Tactical Cannon (MTC) program, with an option for 12 more. The Army awarded the firm-fixed-price agreement through a competitive process under its Other Transaction Authority, aimed at accelerating the development and acquisition of innovative defense capabilities.

The agreement has a total cumulative value of $262.9 million, including $100.3 million for the initial award.

Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.