Hanwha Aerospace signs 371.4 billion won contract to export K9 howitzers to India Hanwha Aerospace secures significant deal with India for advanced military equipment
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Hanwha Aerospace signs 371.4 billion won contract to export K9 howitzers to India
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Hanwha Aerospace announced on the 3rd that it has signed an additional export contract for K9 self-propelled howitzers to India.
The contract is worth 371.4 billion won, accounting for 3.3% of Hanwha Aerospace's sales for 2024. Hanwha Aerospace plans to supply self-propelled howitzers to the Indian Army in collaboration with L&T (Larsen & Toubro) by September 2030. A Hanwha Aerospace official explained, "The K9 self-propelled howitzer has met the operational requirements of the Indian military and proven its reliability."
Previously, Hanwha Aerospace signed a supply contract for K9 self-propelled howitzers with India in 2017 and completed deliveries in 2020. Since the first contract period was carried out smoothly, it has become a reliable partner in the Indian defense industry market.
Hanwha Aerospace stated that this export has expanded its market beyond Europe to Asia. In particular, it noted that the possibility of exporting air defense systems currently under negotiation with India has increased significantly. India is currently pursuing military reform policies, including enhancing integrated operational capabilities and modernizing infrastructure.
Lee Seong-ho, the South Korean ambassador to India, said, "This additional contract symbolizes a milestone in expanding defense cooperation based on mutual trust between the two countries, marking the 10th anniversary of the South Korea-India special strategic partnership." Son Jae-il, CEO of Hanwha Aerospace, stated, "With the excellent performance of the K9 self-propelled howitzer and stable delivery record, we will further strengthen cooperation with various countries in the Asian defense market, including India."