Hyundai Rotem Secures Mass Production Contract for K2 Tank Worth Approximately 533 Billion KRW

[Asia Economy Yang Nak-gyu, Military Specialist Reporter] Hyundai Rotem is commencing the 3rd batch production project of the K2 tank.

On the 22nd, Hyundai Rotem announced that it has signed a contract with the Defense Acquisition Program Administration (DAPA) to supply K2 tanks for the 3rd batch production worth approximately 533 billion KRW.

Through this contract, Hyundai Rotem will deliver the entire 3rd batch production quantity of K2 tanks to DAPA by 2023. Previously, Hyundai Rotem secured the 1st batch production order of the K2 tank in 2010 and completed delivery in 2015, and in 2014, it secured the 2nd batch production order, with all deliveries scheduled by 2021.

Based on its stable performance in the 1st and 2nd batch production projects, Hyundai Rotem plans to deliver high-quality K2 tanks on schedule in the 3rd batch production project. Additionally, efforts to enter overseas markets will continue based on the achievements of the 3rd batch production of the K2 tank.

The K2 tank was developed in 2008 to strengthen armored forces and respond to the replacement demand for existing outdated tanks. It is equipped with a 120mm smoothbore gun as its main armament, securing powerful firepower, and with the introduction of an automatic loading system, it requires no ammunition loader, allowing operation by only three crew members, one less than the existing K1 tank. Furthermore, it can reach speeds of over 70 km/h and can cross rivers by submerging to depths of more than 4 meters.

A Hyundai Rotem official stated, "Following this contract, we expect the possibility of expanding orders if additional production of the K2 tank is confirmed in the future," adding, "We will do our best to deliver tanks of excellent quality on time by utilizing the know-how accumulated through the 1st and 2nd batch production projects of the K2 tank and contribute to strengthening military power."

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