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(LEAD) Hyundai Rotem wins 390.7 bln-won wheeled armored vehicle order

All Headlines 10:28 December 08, 2017

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SEOUL, Dec. 8 (Yonhap) -- Hyundai Rotem Co., the rolling stock and arms manufacturing unit of Hyundai Motor Group, said Friday it will build two kinds of 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 two models are the K806 and the K808, the company said without giving the number of ordered wheeled armored vehicles.

Based on the contract, the company aims to export the wheeled armored vehicles to overseas markets, such as the Middle East, Latin America and Southeast Asia, from 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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