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Hanwha adds Penske Australia as subcontractor on Redback IFV

Summary by Breaking Defense
In July 2023, Hanwha defeated Rheinmetall for a contract worth an estimated $5-7 billion AUD to deliver 129 IFV replacements for the country’s aging M113 fleet.

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Manufacturers' Monthly broke the news in on Wednesday, March 26, 2025.
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