Pungsan exports 100 billion KRW worth of ammunition to the Middle East

[Asia Economy Yang Nak-gyu Reporter] Pungsan, a comprehensive ammunition manufacturer, has exported ammunition worth 100 billion KRW to the Middle East. The export scale alone amounts to 95.7 billion KRW.

On the 16th, Pungsan announced that it signed a contract to export three types of caliber .50 machine gun ammunition to the Middle East by 2021.

Caliber .50 machine gun ammunition is used to support infantry unit heavy weapons fire, and among small caliber rounds, it has the greatest destructive power and strength. The firearms used are M2 series or K6 medium machine guns, mainly used to destroy steel plates of combat vehicles such as personnel or armored vehicles.

Pungsan also developed shells that serve as observation units for artillery. Developed over seven years since 2011, these shells contain self-guided ammunition equipped with a camera inside the mortar. This allows precise observation of whether the shell hit the target after firing. Until now, artillery observation units used telescopes or the naked eye to determine if the artillery properly hit the target. However, as the artillery range extended up to 40 km, it became difficult to judge. Using observation shells makes sufficient observation possible. Currently, the military is reviewing the inclusion of this in the Joint Strategic Operational Plan (JSOP) as a mid-term plan. If observation shells are militarized, it is expected to contribute to defense exports as well, both inside and outside the military.

A Pungsan official emphasized, "This export contract is a result that once again proves the excellence of Korea's defense products, especially ammunition," adding, "We will accelerate efforts to pioneer the Middle Eastern market through active export marketing."

This content was produced with the assistance of AI translation services.