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LISTEN: South Korean Company Announces $2.2B U.S. Munitions Manufacturing Campus
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Hanwha Defense USA, a subsidiary of South Korean Hanwha Aerospace, yesterday announced plans to build a $2.2 billion advanced manufacturing campus in Arkansas.
The investment is expected to create some 400 jobs at an average wage of $50 per hour at U.S. Army Pine Bluff Arsenal (PBA) over the next seven years.
Hanwha Defense’s new facility at the military manufacturing installation will focus on the production of 155 mm propellant charges, the explosive components used in artillery howitzers to launch 155 mm projectiles, and base bleed units, small gas generators attached to the bottom of an artillery shell that can increase range by 20% to 35%.
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