- Welding technologist K-TIG (KTG) has partnered with South Korean military manufacturer, Hanwha, to develop welding procedures for military vehicles
- Hanwha has been named the Australian Army’s preferred supplier for a billion-dollar artillery project
- It has also been shortlisted for the billion-dollar Land 400 phase three project to create a new infantry fighting vehicle
- K-TIG Managing Director, Adrian Smith, says making crucial equipment for Australia’s defence is a major opportunity for the company to showcase its welding technology
- K-TIG is up 7 per cent and shares are trading at 53.5 cents
Welding technologist K-TIG (KTG) has partnered with South Korean military manufacturer, Hanwha, to develop welding procedures for military vehicles.
Hanwha Defence Australia and Hanwha Defence Corporation (collectively referred to as Hanwha) has been named the preferred supplier for the Australian Army’s billion-dollar acquisition of the Land 8116 artillery project.
It has also been shortlisted for the Land 400 phase three project to create a new infantry fighting vehicle. This contract is believed to be worth between $18 billion and $27 billion.
As the preferred tenderer, the military manufacturer will offer its Huntsman howitzer for the army’s Protected Mobile Fires project. Hanwha will build and assemble the Huntsman vehicle and its supporting systems while K-TIG will show it can weld advanced steels for military vehicles such as the Huntsman.
“Partnering with Hanwha to create crucial equipment for Australia’s defence is a significant opportunity for K-TIG to deploy the speed, efficiency and effectiveness of our advanced keyhole welding technology,” K-TIG Managing Director Adrian Smith said.
Hanwha agreed to collaborate with K-TIG after K-TIG successfully demonstrated its welding abilities that can be applied to manufacturing components of the Land 8116 and Land 400 phase three vehicles.
Each party will cover its own costs under the project, which is expected to run for 24 weeks.
K-TIG is up 7 per cent and shares are trading at 53.5 cents at 12:21 pm AEDT.