STX to export $60 mn wheeled armored vehicles to Peru

STX Corp., a South Korean general trading company, said on Monday it signed a contract with  Fábrica de Armas y Municiones del Ejércitom, the Peruvian state arms procurement agency, to export Hyundai Rotem Co. 's wheeled armored vehicle K808 White Tiger. 

Under the deal, STX will supply 30 units of K808 White Tiger, totaling $60 million. 

According to STX, the contract to supply the wheeled armored vehicles represents 9.17% of the company's revenue.

STX said additional agreements for follow-on volumes are being discussed.

Write to Hyeon-woo Oh at ohw@hankyung.com