Lee Min-hyung joined The Korea Times in 2014 and has worked as a journalist mainly in Korea’s finance, tech and automotive industry. He specializes in content creation, breaking news and in-depth analysis currently on transportation and mobility. You can reach him via mhlee@koreatimes.co.kr.
Hanwha Aerospace signs MOU with Indra Group for Latin American defense cooperation
Kim Dong-hyeon, center, head of the Land Systems Business Group at Hanwha Aerospace, poses with Maria Dolores Carrillo Aguilera, left, Indra’s business development director for Land Systems, and Domingo Castro Fernandez, Indra’s director of Defense and Security for the Americas, in Chile, Wednesday (local time), after signing a memorandum of understanding to jointly offer armored vehicle solutions for the Chilean Army and expand cooperation across Latin America. Courtesy of Hanwha Aerospace
By Lee Min-hyung
Hanwha Aerospace has signed a memorandum of understanding (MOU) with Spain’s Indra Group to jointly offer armored vehicle solutions for the Chilean Army and expand cooperation across Latin America.
The signing ceremony was held during the FIDAE 2026 International Air and Space Fair in Santiago, Chile, on Wednesday (local time).
Attendees included Kim Dong-hyeon, head of Hanwha Aerospace’s Land Systems Business Group; Domingo Castro Fernandez, Indra’s director of Defense and Security for the Americas; Maria Dolores Carrillo Aguilera, Indra’s business development director for Land Systems; and Kim Hak-jae, Korea’s ambassador to Chile.
Under the agreement, the companies will jointly propose a combined solution for Chile’s next-generation armored vehicle program. Hanwha Aerospace will provide its Tigon armored vehicle platforms, while Indra will supply mission system equipment — including connectivity, situational awareness and command-and-control capabilities — and act as regional coordination lead.
Beginning with Chile, the partners aim to expand cooperation in ground defense programs across the broader Latin American market.
The companies said the partnership goes beyond conventional equipment supply by offering a turnkey package integrating Hanwha Aerospace’s Tigon platforms with Indra’s mission system technologies.
“Indra has defense electronics capabilities and a track record in Latin America that complement our vehicle platforms,” Kim Dong-hyeon said. “Through this MOU, the two companies will be able to offer a more complete package to armed forces in the region.”
An Indra spokesperson said the partnership “creates an optimal framework for combining the core technologies and areas of excellence of both companies into a competitive, state-of-the-art product capable of meeting high demand in the region.”