South Korea To Help Turkey Develop New Tank
SEOUL - South Korea said it has signed a $400 million contract to help Turkey develop a new tank, in what will be the first time Seoul has exported tanks or related technology.
Under the deal signed in Ankara on July 29, South Korea will help Turkey develop its new main battle tank by 2015, the Defense Acquisition Program Administration (DAPA) said in a press statement.
"The Turkish government has recognized our rich experience and advanced technology in developing battle tanks," DAPA said. "It also demonstrates the superiority of our defense technology."
The deal includes technology transfer worth $330 million and the production of four prototypes worth $70 million, Hyundai Rotem said.
When development is completed, Turkey reportedly plans to produce some 200 of the tanks.
"This project is a new landmark in the two countries' cooperation in defense technology," Defense Minister Lee Sang-Hee was quoted as saying by Yonhap news agency.
Turkey is one of the largest customers of South Korean defense products.
State-funded Korea Aerospace Industries (KAI) last year signed a $500 million contract to deliver 55 KT-1 trainers to Turkey's air force by 2013.
Yonhap said Turkey also wants to buy some $100 million worth of weapons, including 155mm self-propelled artillery, from South Korea this year.
South Korea To Help Turkey Develop New Tank - Defense News
SEOUL - South Korea said it has signed a $400 million contract to help Turkey develop a new tank, in what will be the first time Seoul has exported tanks or related technology.
Under the deal signed in Ankara on July 29, South Korea will help Turkey develop its new main battle tank by 2015, the Defense Acquisition Program Administration (DAPA) said in a press statement.
"The Turkish government has recognized our rich experience and advanced technology in developing battle tanks," DAPA said. "It also demonstrates the superiority of our defense technology."
The deal includes technology transfer worth $330 million and the production of four prototypes worth $70 million, Hyundai Rotem said.
When development is completed, Turkey reportedly plans to produce some 200 of the tanks.
"This project is a new landmark in the two countries' cooperation in defense technology," Defense Minister Lee Sang-Hee was quoted as saying by Yonhap news agency.
Turkey is one of the largest customers of South Korean defense products.
State-funded Korea Aerospace Industries (KAI) last year signed a $500 million contract to deliver 55 KT-1 trainers to Turkey's air force by 2013.
Yonhap said Turkey also wants to buy some $100 million worth of weapons, including 155mm self-propelled artillery, from South Korea this year.
South Korea To Help Turkey Develop New Tank - Defense News