Australia, South Korea sign historic defense agreement
(Worthy News) – South Korea and Australia have signed a nearly $700 million defense deal on Monday during South Korean President Moon Jae-in’s visit to the country. Under the agreement, South Korean defense company Hanwha will provide the Australian army with equipment like artillery weapons, supply vehicles and radar.
The deal, worth 1 billion Australian dollars ($717 million, €635 million), is the largest defense contract between Australia and an Asian nation, local media reported.
“The contract that we have signed today, I think, speaks volumes about what we believe are the capabilities of the Korean defense industry,” Australian Prime Minister Scott Morrison said. The new defense contract is expected to create close to 300 jobs in Australia, where a division of Hanwha operates. [ Source: Deutche Welle (Read More…) ]
Worthy News reports from a biblical worldview with a commitment to accuracy, transparency, and editorial independence. Learn more about About Worthy News, our Editorial Standards, AI Use Policy, Ownership of Worthy News, News Tips and Corrections, and Worthy News Staff.
💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.
📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌
Latest Worthy News
If you are interested in articles produced by Worthy News, please check out our FREE sydication service available to churches or online Christian ministries. To find out more, visit Worthy Plugins.
