Hanwha adds Penske Australia as subcontractor on Redback IFV
In July 2023, Hanwha defeated Rheinmetall for a contract worth an estimated $5-7 billion AUD to deliver 129 IFV replacements for the country’s aging M113 fleet.
In July 2023, Hanwha defeated Rheinmetall for a contract worth an estimated $5-7 billion AUD to deliver 129 IFV replacements for the country’s aging M113 fleet.
"What characterizes war, it's a battle of will and magic bullets don't exist. There is certainly a need for precision and really high-end weapon systems, but there's also a need for mass, relatively inexpensive weapon systems." Australian Maj. Gen. Vagg told Breaking Defense.
Advanced Navigation CEO Chris Shaw told Breaking Defense the deal could boost his company's business by 400 percent.
The $600 million contract calls for "advanced protection, fighting capabilities and a sensors suit."
The contract award is a major win for Hanwha — but is also much smaller than originally envisioned.
Will the SDR make big decisions and refocus Australia's strategy? "It ultimately comes down to the ultimate question that we're not really good at answering in this country— what are we really trying do with our military?" Marcus Hellyer of ASPI said.
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