South Korea’s Hanwha Wins $4.7B Deal To Supply 129 IFVs To Australia, Beating Germany’s Rheinmetall
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South Korea's Hanwha has won a deal to supply infantry fighting vehicles to Australia. The contract is reportedly worth $4.7 billion and involves the supply of 129 vehicles, with Hanwha beating out Germany's Rheinmetall for the agreement. A separate development involves the awarding of a training systems contract for Australia's Redback IFV to Hanwha.