MELBOURNE — South Korea’s Hanwha is set to invest in a new $1 billion plant in the United States to produce Modular Charge Systems (MCS) for 155mm howitzer ammunition as it seeks for its US subsidiary to become a full-fledged American defense company, according to a company official.
“Our goal is to bring this vertically integrated, fully automated production capability to the United States,” Lee Woo Jin, plant manager at Hanwha’s existing ammunition plant in Yeosu, South Korea, told a group of reporters during a visit to one the of company’s facilities recently.
The company is currently looking at possible sites for the facility, which will feature automated production lines and will be based on its existing plants in South Korea, with company officials…
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Source breakingdefense.com
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