This photo, provided by Hyundai Rotem Co., shows the South Korean arms maker’s K808 Baekho wheeled armored vehicle. (Image courtesy of Yonhap)
SEOUL, Dec. 2 (Korea Bizwire) — STX Corp., a South Korean general trading firm, said Monday that it has signed a US$60 million contract with the Peruvian Army’s weapons manufacturing body to export 30 armored vehicle units to the South American nation.
Under the deal with the Peruvian Army Arsenal, STX will ship 30 units of the K808 armored vehicle, named Baekho, manufactured by South Korean defense equipment firm Hyundai Rotem Co., to the Peruvian Army.
The deal is worth roughly 9 percent of STX’s average annual sales, the company said.
STX said it is currently in discussions for follow-up orders and is exploring opportunities for long-term equipment supply and technical cooperation with Peru.
The company said the deal marks the result of close cooperation with the Peruvian Army over the past years. STX said it expects continued revenue growth in the South American country over a mid to long-term period.
(Yonhap)
