South Korea, Poland sign $5.8 billion tank, howitzer contract

Two South Korean companies have signed a $5.76 billion contract with Poland to export tanks and howitzers, Seoul’s arms procurement agency said on Saturday, after Warsaw agreed to ramp up arms imports amid tensions with Russia.
The contract, signed in Poland on Friday, is part of South Korea’s biggest ever arms deal, clinched last month with Poland, which has been seeking to beef up its military in the face of Russia’s invasion of neighbouring Ukraine.
The Defense Acquisition Program Administration (DAPA) said, Hyundai Rotem Co. will ship K2 Black Panther tanks, and Hanwha Defense, the defence unit of Hanwha Corp, will send K9 self-propelled howitzers to Poland.
The parties have not announced the value of the entire deal, which South Korean media estimated at up to 20 trillion won ($15 billion).