South Korean ammunition manufacturer Poongsan, which has seen surging interest for its products across regions, has signed an agreement with Barer Holdings, a Barzan Holdings company, to supply 600 million 5.56 mm rounds of ammunition. Barer will deliver the ammunition to Indonesia.
According to Clark Park, Poongsan Executive Managing Director, the supply agreement with Barzan Holdings entity Barer is worth US$171 million. On the second day of the ongoing show, the company also signed a memorandum of understanding with Barood Ammunition Factory, a Barzan Holdings subsidiary, to supply ammunition. The MoU also includes the provision for the transfer of technology to facilitate the local production of ammunition in Qatar.
Standing out among the ammunition on display are the handy Personal Combat Drone (PCD) and the Poongsan Attack Drone with Aerial ammunition (PAD). Soldiers can carry the multi-purpose PCD in their bags, control it with smartphones, and perform a variety of tasks. The PAD, another small drone equipped with aerial ammunition, is said to be capable of destroying armoured vehicles. PAD can fly for 30 minutes and at over 60 kilometres per hour.
The company, which makes anything from 5.56mm ammunition to eight-inch projectiles for howitzers, is also showcasing its range of small, medium and large calibre ammunition. Apart from being the main supplier of ammunition to its home country, Poongsan, which has also introduced extended-range ammunition to cater to increasing demand, has its products in use in more than 30 countries, including the U.S. as well as several countries in the Middle East and East Asia.
Due to the ongoing military conflict in Ukraine, the company has seen an increase in its supplies to Europe as countries on the continent deplete their reserves. The Seoul-based ammunition manufacturer has seen a significant increase in defence exports over the last three years, a growth that has coincided with the general rise of the South Korean defence industry.
South Korean ammunition manufacturer Poongsan, which has seen surging interest for its products across regions, has signed an agreement with Barer Holdings, a Barzan Holdings company, to supply 600 million 5.56 mm rounds of ammunition. Barer will deliver the ammunition to Indonesia.
According to Clark Park, Poongsan Executive Managing Director, the supply agreement with Barzan Holdings entity Barer is worth US$171 million. On the second day of the ongoing show, the company also signed a memorandum of understanding with Barood Ammunition Factory, a Barzan Holdings subsidiary, to supply ammunition. The MoU also includes the provision for the transfer of technology to facilitate the local production of ammunition in Qatar.
Standing out among the ammunition on display are the handy Personal Combat Drone (PCD) and the Poongsan Attack Drone with Aerial ammunition (PAD). Soldiers can carry the multi-purpose PCD in their bags, control it with smartphones, and perform a variety of tasks. The PAD, another small drone equipped with aerial ammunition, is said to be capable of destroying armoured vehicles. PAD can fly for 30 minutes and at over 60 kilometres per hour.
The company, which makes anything from 5.56mm ammunition to eight-inch projectiles for howitzers, is also showcasing its range of small, medium and large calibre ammunition. Apart from being the main supplier of ammunition to its home country, Poongsan, which has also introduced extended-range ammunition to cater to increasing demand, has its products in use in more than 30 countries, including the U.S. as well as several countries in the Middle East and East Asia.
Due to the ongoing military conflict in Ukraine, the company has seen an increase in its supplies to Europe as countries on the continent deplete their reserves. The Seoul-based ammunition manufacturer has seen a significant increase in defence exports over the last three years, a growth that has coincided with the general rise of the South Korean defence industry.
`;-->The LCA Mk1A made its maiden public appearance on the inaugural day of the airshow. 83 aircraft are on order…
Hindustan Aeronautics Limited (HAL) has rebranded its Hindustan Jet Trainer (HJT-36), which was earlier known as the ‘Sitara’. The Intermediate…
India’s domestic defence industry ecosystem is now at an inflexion point, with earlier weapon system developments attaining maturity and several…
Thales is showcasing its FlytX suite for helicopters for the first time in India. The FlytX avionics suite can be…
Hensoldt is presenting its next-generation airborne sensor solutions tailored for the requirements of the Indian armed forces at the ongoing…
Rolls-Royce has signaled its intent at the ongoing airshow, to double its supply chain sourcing from India over the next…
Tata Boeing Aerospace Limited (TBAL) has reported the delivery of the 300th fuselage for the AH-64 Apache attack helicopter from…
Chipsan Aviation, a non-scheduled air operator in India, announced its plans at the ongoing airshow to deploy Airbus H160 helicopters…
The Aeronautical Development Agency (ADA) is targeting a certification date of 2028 for its 18-tonne class LCA AF Mk2, Dr.…
India’s state-owned Defence Public Sector Undertaking (DPSU) Bharat Electronics Limited (BEL) which racked up Rupees 350 billion worth of new…
The Indian state-owned Defence Public Sector Undertaking (DPSU) Bharat Dynamics Limited (BDL) signed an agreement on the inaugural day of…
The Indian Army Chief, General Upendra Dwivedi was briefed on the Airbus Helicopter H125 reconnaissance helicopters at the ongoing airshow.…
Experience the first highlights of Aero India 2025, featuring breathtaking flying displays of fighter jets, helicopters, and aerobatic teams. Explore…
Embraer’s E-Freighter, the E190F, is fully certified by the European Union Aviation Safety Agency (EASA) and is therefore certified for…
ST Engineering has secured contracts with two major Middle Eastern operators for the maintenance, repair, and overhaul (MRO) of CFM56-7B…
Air New Zealand has become a member of the Association of Asia Pacific Airlines (AAPA), the organisation announced today. AAPA…
South Korea’s Hanwha Aerospace has finalised an agreement with Thailand’s Defence Technology Institute (DTI) and Chaiseri to develop the K200…
Indra has signed a contract with the National Procurement Office (BAAINBw) of the German Armed Forces (Bundeswehr) to provide the…
India’s biennial airshow is now central to the nation’s efforts to grow its defence industrial base. Speaking at the curtain…
India is eyeing defence export opportunities to Southeast Asia In 2024, India’s defence exports reached a historic milestone, surpassing INR…
The United States is showcasing a range of advanced aircraft at the ongoing Aero India, highlighting its growing defence partnership with…
Russia’s Sukhoi Su-57E fifth-generation fighter jet is making its maiden appearance at Aero India, as the Russian airframer vies for…
The European missile major, MBDA is eyeing further growth in the Indian market with its participation at the ongoing airshow.…
The Indian Navy which has transformed from a Buyer’s Navy to a Builder’s Navy with over 60 warships being constructed at Indian…
Saab is showcasing a Full Scale Replica (FSR) of its Gripen E along with a Gripen E cockpit simulator at…
Embraer has brought a KC-390 Millennium tactical transport aircraft to Aero India, highlighting its seriousness in meeting an Indian Air…
India’s biennial airshow Aero India is a showcase to New Delhi’s aspirations to emerge as an international Aerospace & Defence…
India’s state-owned airframer Hindustan Aeronautics Limited (HAL) is pushing ahead with its ambitious autonomous Combat Air Teaming System (CATS) programme.…
Israeli company Elbit Systems has been awarded a contract valued at approximately US$57 million to supply its PULS Rocket Launcher…
Israeli company Ottopia has developed a system that enables the effective remote control of vehicles used by armed forces. In…
Headquartered in Singapore with reporters spread across all major regions, GBP Aerospace & Defence is a leading media house that publishes three publications that serve the aerospace and defence sector - Asian Defence Technology, Asian Airlines & Aerospace and Daily News. Known industry-wide for quality journalism, GBP Aerospace & Defence is present at more international tradeshows and exhibitions than any other competing publication in the region.
For over three decades, our award-winning team of reporters has been producing top-notch content to help readers stay abreast of the latest developements in the field of commercial aviation, MRO, defence, and Space.
Copyright 2024. GBP. All Rights Reserved.
Home Defence & Security Space Commercial Aviation Maintence Repair & Overhaul Daily News Events About Us
2025 GBP all rights reserved.