SEOUL — South Korea’s weapons development authority announced the completion of negotiations for what is said to be the biggest deal in the history of the country’s arms industry, marking a step forward for the ascending weapons manufacturer.
The Defense Acquisition Program Administration said in a news release on Wednesday that Hyundai Rotem, a privately owned South Korean company, had concluded talks with Poland to supply K2 tanks. The agency did not disclose the size of the contract, but in a research report, Mirae Asset Securities valued it at $6.7 billion for the provision of 261 tanks.
