Hanwha Subsidiary Named Preferred Bidder for Australia’s Armored Vehicle Project

SEOUL, July 27 (Korea Bizwire) – Hanwha Defense Australia on Thursday beat Germany’s Rheinmetall to be named as the preferred bidder for Australia’s acquisition project for a next-generation infantry fighting vehicle (IFV), Seoul’s arms procurement agency said. The Australia-based subsidiary of Hanwha Aerospace, a major South Korean defense firm, was chosen as the preferred candidate [...]