South Korea's Hyundai Rotem to sign K2 tank order worth $6.5bn with Poland
SEOUL (Reuters) -- Poland has completed negotiations with South Korea's Hyundai Rotem to receive a second batch of K2 tanks and plans to sign a contract, South Korea's defense procurement agency said on Wednesday.
The specific size of the contract will be disclosed later, South Korea's Defense Acquisition Program Administration said in a statement.
On Thursday, Hyundai Rotem said in a regulatory filing the Polish arms procurement agency has confirmed the contract was worth $6.5 billion. It said further details of the deal would be announced in a later filing.
The Yonhap News Agency has said the deal was to supply 180 tanks.
In 2022, Poland and Hyundai Rotem agreed a supply deal for the first batch, or 180 K2 tanks.
While the first contract focused on Korean-made vehicles that could be quickly supplied as Poland moved swiftly to boost its military amid Russia's war in neighboring Ukraine, the second batch is expected to grant the South Korean arms maker a more permanent foothold in Europe.
DAPA said a production facility in Poland would be established, with a large number of K2 tanks to be assembled locally through cooperation between Hyundai Rotem and Polish defense companies.
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