Hanwha in advanced talks on weapons production for Saudi Arabia

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Hanwha Aerospace Co., according to Saudi Arabia, according to the head of global defense, is in discussions in Saudi Arabia because the second East is becoming the main focus of the company.

The growing opportunities in the region decided to announce the largest defense contractor in South KoreaPay Sales PlanMichael Coulter, called the President and CEO of Global Defense and CEO in Hanwha last month to raise funds last year.

“We discuss the programs in both Saudi Arabia and the United Arab Emirates and the United Arab Emirates in the Middle East, so that the sovereign” appeals to the issues and also helps security threats, as well as in an interview with Bloomberg. “There is a real opportunity to meet the safety problems in the Middle East through local facilities.”

Hanwha is one of the biggest beneficiaries in the growth of global demand for Earth’s weapons after wars in Ukraine and the Middle East. CompanyShares rallyOver the past five years, it is almost 30 times and this year is the highest performance of Asia. Weapons are faster and known for the ability to deliver more than competitors, the company includes flagship weaponsK9 self-propelled Howitzer.

The company’s shares changed in 2.1% Tuesday, Benchmark Kosepi.

Hanwha still decides the exact form of participation in Saudi Arabia, but this year can then announce a contract this year later.

“We have not yet decided whether Saudi Arabia or a joint venture or a partnership or a partnership or a defense company are still in a company or support a defense company, but there is a market demand,” he said.

Saudi Arabia comes as a goal for developing the dollar in dollars and non-oil economy to develop non-oil economylocalizeUnder the plan that 50% of military expenditures have called 2030.

Substitute Substitute Sales are a sensitive issue for South Korea, because the country is trying to balance relations with Arab countries and balance its relations with its sole contract with Israel with security relations.

Controversial sales

Hanwha won 2.3 trillion ($ 1.6 billion) after earning an original 3.6 trillion from investors and financial authorities. Financial Supervision Service also protested the revised plan.

The decision to reduce the installation “a very responsible request to listen to investors and shareholders by a company,” said Coulter.

“Yes, there is a little dilution potential in the near future, but see the record of the market, we had the return of everyone from anyone and a business point,” he said.

European plans

Hanwha is negotiating in talks with a number of Western European peoples about how to increase weapons in front of global instability.

“We do not intend to capture and insult European partners,” said Coulter. “We talk to our governments, but you talk to the industry and where did you invest? Where did you not sleep?

Coulter said he was optimistic and South Korea will reach an agreement that will prevent the extended trade dispute arising from the threat of higher tariffs of the Trump Administration.

“We are very confident that the two governments will come to the resolution,” he said.

“There is a great US army here. Our shipyards in Korea have US naval ships. Thus our governments speak through it.

This story was first displayed Fortune.com

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