STX to export $60 mn wheeled armored vehicles to Peru
It signed a deal with the Peruvian state arms procurement agency to supply 30 units of Hyundai Rotem's K-808 White Tiger
By Dec 02, 2024 (Gmt+09:00)
LG Chem to sell water filter business to Glenwood PE for $692 million
Mirae Asset to be named Korea Post’s core real estate fund operator
KT&G eyes overseas M&A after rejecting activist fund's offer
StockX in merger talks with Naver’s online reseller Kream
Meritz backs half of ex-manager’s $210 mn hedge fund
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
-
AutomobilesBMW surpasses Mercedes in Korean sales for 1st time in 10 yearsMay 02, 2025 (Gmt+09:00)
-
Business & PoliticsTrump Jr. meets Korean business chiefs in back-to-back sessionsApr 30, 2025 (Gmt+09:00)
-
Korean chipmakersSamsung in talks to supply customized HBM4 to Nvidia, Broadcom, GoogleApr 30, 2025 (Gmt+09:00)
-
EnergyLS Cable breaks ground on $681 mn underwater cable plant in ChesapeakeApr 29, 2025 (Gmt+09:00)
-
Business & PoliticsUS tariffs add risk premium to dollar assets: Maurice ObstfeldApr 29, 2025 (Gmt+09:00)