Lee Sang-soo, left, CEO of STX Engine, and his counterpart from Penske Australia pose after signing a provide contract on March 6 on this photograph offered by STX Engine. Yonhap
STX Engine stated Friday it has gained a 84 billion-won ($58.1 million) contract from Penske in Australia to offer diesel engines for the nation’s Redback infantry combating automobile (IFV).
Below the contract, STX Engine will provide diesel engines to Penske in phases till 2027 and also will set up native manufacturing capabilities by means of switch of expertise.
Working in Australia and New Zealand, Penske offers mobility options throughout protection, transportation, vitality and development sectors, with specific experience in navy automobile and engine upkeep, restore and overhaul (MRO).
STX Engine stated the deal has confirmed the corporate’s technical experience within the discipline of engines. The corporate beforehand secured K9 self-propelled howitzer engine provide offers from India, Poland, Norway and Turkey.
„We’ll additional increase our presence within the world protection market by means of steady analysis and growth, and tailor-made engine options,“ STX Engine Chief Govt Officer (CEO) Lee Sang-soo stated. (Yonhap)
