An Asian nation has for the first time won a multi-billion-dollar Australian defence contract, with a South Korean company beating a German rival to build the army's new infantry fighting vehicles (IFVs). Subscribe: http://ab.co/1svxLVE
Read more here: https://www.abc.net.au/news/2023-07-27/south-korea-wins-bid-to-build-australian-army-vehicles/102653824
The federal government has selected Hanwha's "Redback" IFV over Rheinmetall's rival "Lynx" design for the lucrative prize worth up to $7 billion.
The long-awaited decision puts in doubt a recent pledge by Berlin to acquire 100 new Australian-built Boxer combat reconnaissance vehicles built by Rheinmetall in Queensland.
Earlier this year Labor's Defence Strategic Review (DSR) drastically reduced the scope of the army's largest-ever project from an original 450 IFVs to just 129.
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Read more here: https://www.abc.net.au/news/2023-07-27/south-korea-wins-bid-to-build-australian-army-vehicles/102653824
The federal government has selected Hanwha's "Redback" IFV over Rheinmetall's rival "Lynx" design for the lucrative prize worth up to $7 billion.
The long-awaited decision puts in doubt a recent pledge by Berlin to acquire 100 new Australian-built Boxer combat reconnaissance vehicles built by Rheinmetall in Queensland.
Earlier this year Labor's Defence Strategic Review (DSR) drastically reduced the scope of the army's largest-ever project from an original 450 IFVs to just 129.
ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation.
For more from ABC News, click here: https://ab.co/2kxYCZY
Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1
Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2
Like ABC News on Facebook: http://facebook.com/abcnews.au
Follow ABC News on Instagram: http://instagram.com/abcnews_au
Follow ABC News on Twitter: http://twitter.com/abcnews
Note: In most cases, our captions are auto-generated.
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