S. Korean defense firm to export $10 million worth of arms components to German company

▲ This undated photo shows the building of the Defense Acquisition Program Administration (DAPA). (Yonhap)

S Korea-Germany-arms exports

S. Korean defense firm to export $10 million worth of arms components to German company

SEOUL, March 26 (Yonhap) -- South Korean defense firm Intellics will export arms components worth some US$10 million to Germany's Hensoldt under a defense "offset" arrangement, the state arms procurement agency said Thursday.

The Defense Acquisition Program Administration (DAPA) and Hensoldt signed the agreement as part of South Korea's offset program, which set conditions for foreign companies to meet when they engage in key procurement projects.

Under the program, foreign contractors involved in defense deals worth over $10 million must meet conditions, such as technology transfers or the purchase of Korean-made components.

Under the latest deal, Intellics will export components needed for situational awareness sensor systems, which are often used in tanks or other military assets, according to DAPA.

Intellics was designated as one of the country's innovative defense firms by DAPA in 2024, as part of a program aimed at nurturing prominent small and mid-sized defense firms.

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