South Korean giant Hanwha agrees to acquire Philly Shipyard for $100M

South Korean giant Hanwha agrees to acquire Philly Shipyard for $100M
South Korean giant Hanwha agrees to acquire Philly Shipyard for $100M

It’s the latest in a series of moves South Korean shipbuilders have made to advance their interests in American-based facilities.

South Korea’s Hanwha eyeing K9 howitzer demo for revamped US Army initiative

South Korea’s Hanwha eyeing K9 howitzer demo for revamped US Army initiative
South Korea’s Hanwha eyeing K9 howitzer demo for revamped US Army initiative

For several years the company has been eyeing entry points into the US market and has also teamed up with Aundril for the S–MET Increment II competition.

SECNAV floats idea of co-production with foreign shipyards

SECNAV floats idea of co-production with foreign shipyards
SECNAV floats idea of co-production with foreign shipyards

Carlos Del Toro has repeatedly praised shipbuilders in South Korea and Japan for their abilities to keep construction efforts on time.

Austal rejects Hanwha’s takeover bid — for now

Austal rejects Hanwha’s takeover bid — for now
Austal rejects Hanwha’s takeover bid — for now

Austal rejected the bid based on concerns it would not be approved by regulators, something Hanwha says should not be an issue.

Australia racks up biggest arms export deal: $1B AUD for Boxers to Germany

Australia racks up biggest arms export deal: $1B AUD for Boxers to Germany
Australia racks up biggest arms export deal: $1B AUD for Boxers to Germany

“Rheinmetall didn’t build a Boxer factory in Australia as an act of charity. They did it because we paid them to do it,” Marcus Hellyer, an Australian defense acquisition expert, told Breaking Defense. “That gives them the capacity to now build stuff for Germany and that will mean that there will be jobs in Australia.”

In South Korea, Del Toro courts major shipbuilders to set up shop in US

In South Korea, Del Toro courts major shipbuilders to set up shop in US
In South Korea, Del Toro courts major shipbuilders to set up shop in US

Navy Secretary Carlos Del Toro in public has frequently referenced potential subsidies for foreign shipbuilders who establish stateside operations.

Anduril, Hanwha team for Army’s S-MET robot transport competition

Anduril, Hanwha team for Army’s S-MET robot transport competition
Anduril, Hanwha team for Army’s S-MET robot transport competition

Anduril will “serve as the prime contractor to deliver a modified, autonomy-ready Uncrewed Ground Vehicle (UGV) based on Hanwha’s proven Arion-SMET platform,” according to an announcement.

Israel’s Elbit to supply systems for Australia’s Redback Infantry Fighting Vehicles

Israel’s Elbit to supply systems for Australia’s Redback Infantry Fighting Vehicles
Israel’s Elbit to supply systems for Australia’s Redback Infantry Fighting Vehicles

The $600 million contract calls for “advanced protection, fighting capabilities and a sensors suit.”

How South Korea’s defense industry transformed itself into a global player

How South Korea’s defense industry transformed itself into a global player
How South Korea’s defense industry transformed itself into a global player

South Korea’s defense industry is exploding, and there are some fundamental reasons why it is meeting such success in the export market.

Industry readies for Army’s robotic mule S-MET Increment II prototyping competition

Industry readies for Army’s robotic mule S-MET Increment II prototyping competition
Industry readies for Army’s robotic mule S-MET Increment II prototyping competition

“The baseline program, so far, [is] going well. It’s a building block,” Doug Bush, the head of Army acquisition, said. But for the next iteration, “What else can you do with that chassis? Weapons? Sensors?”

American arm of Korea’s Hanwha has a 10-year plan to become a US land systems prime

American arm of Korea’s Hanwha has a 10-year plan to become a US land systems prime
American arm of Korea’s Hanwha has a 10-year plan to become a US land systems prime

Hanwha Defense USA’s strategy is “very much about being a prime contractor that can compete with the other peers that are here. And how do you get there? It’s about partnerships. It’s about organic growth. It’s about M&A type of capability,” CEO John Kelly told Breaking Defense.

The sights of DSEI 2023 in London [PHOTOS]

The sights of DSEI 2023 in London [PHOTOS]
The sights of DSEI 2023 in London [PHOTOS]

Here’s just a bit of what the Breaking Defense team saw on the show floor this year.

Hanwha defeats Rheinmetall for $5-7 billion Aussie infantry fighting vehicle deal

Hanwha defeats Rheinmetall for $5-7 billion Aussie infantry fighting vehicle deal
Hanwha defeats Rheinmetall for $5-7 billion Aussie infantry fighting vehicle deal

The contract award is a major win for Hanwha — but is also much smaller than originally envisioned.

Aussies plan massive armored cuts; review charts shift to power projection

Aussies plan massive armored cuts; review charts shift to power projection
Aussies plan massive armored cuts; review charts shift to power projection

The planned purchase of Infantry Fighting Vehicles (IFVs) will be cut from 450 to 129, a blow to competitors Hanwha and Rheinmetall.