South Korea has agreed to produce K9 self-propelled howitzers to Egypt, in a deal price greater than $1.65bn, reported native information company Yonhap.
Hanwha Protection, which manufactures the K9 howitzers, has signed an settlement with Egypt’s defence ministry to ship the artillery methods.
The scope of the settlement consists of the switch of applied sciences, in addition to the manufacturing of K9s in Egypt, the information company added, citing South Korea’s Defence Acquisition Program Administration (DAPA).
Different particulars of the deal, together with the variety of howitzers to be delivered, weren’t disclosed.
The deal follows a bilateral summit between South Korean President Moon Jae-in and his Egyptian counterpart Abdel Fattah el-Sisi final month.
The deal will make Egypt the primary African nation to acquire K9 self-propelled howitzers. The system is already being utilized by a number of different nations together with India, Turkey, Poland, Norway, Finland, Estonia, and Australia.
DAPA chief Kang Eun-ho was quoted by Yonhap as saying: “It’s an achievement made by way of a mixture of technological cooperation, collaboration by way of localised manufacturing, and pan-government help, which fits past simply the transactional relationship between the 2 nations.”
The DAPA and Egyptian defence ministry signed a memorandum of understanding (MoU) to collaborate on defence analysis and developments.
The settlement comes per week after the US Protection Safety Cooperation Company (DSCA) cleared attainable international army gross sales of C-130J-30 Tremendous Hercules plane and air defence radar methods to Egypt.
The gross sales could have a mixed estimated worth of $2.55bn, with Lockheed Martin Aeronautics serving because the prime contractor.