Hanwha Aerospace Establishes an Ammunition Production Base in Arkansas, USA

Hanwha Aerospace will establish an ammunition production base at Pine Bluff Arsenal, an Army base in Arkansas, USA. This plan marks the first implementation stage since being selected as the site lease operator last January. Hanwha Defense USA said on the 21st local time at an office opening ceremony that it plans to build a facility to produce 155mm shell components and propellant charges. The company aims to strengthen ammunition production capabilities in the U.S. by establishing an integrated manufacturing system spanning from raw materials to finished products. The company explained that it will invest $2.2 billion, or about 299.22 billion won, over the next seven years and create about 400 jobs. It also said it will expand its business in the U.S. defense market with its selfpropelled artillery hub in Alabama and its ammunition hub in Arkansas as twin pillars.