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Hyundai Rotem wins 390.7 bln-won wheeled armored vehicle order

All Headlines 09:57 December 08, 2017

SEOUL, Dec. 8 (Yonhap) -- Hyundai Rotem Co., the rolling stock and arms manufacturing unit of Hyundai Motor Group, said Friday it will build two wheeled armored vehicles for the South Korean Army by 2020.

Hyundai Rotem inked the 390.7 billion-won (US$357 million) order with the Defense Acquisition Program Administration (DAPA) and will build the wheeled armored vehicles at its plant in Changwon, about 400 kilometers south of Seoul, the company said in a statement.

The company aims to start exporting the wheeled armored vehicles to overseas markets, such as the Middle East, Latin America and Southeast Asia, next year, it said.

This undated photo provided by Hyundai Rotem shows two K808 (R) and K806 wheeled armored vehicles on a drill. (Yonhap)

kyongae.choi@yna.co.kr
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