Hanwha Aerospace signs MOU with Indra Group for Latin American defense cooperation

Hanwha Aerospace has signed a memorandum of understanding (MOU) with Spanish defense company Indra Group to jointly offer armored vehicle solutions for the Chilean Army and cooperate across Latin America.

The signing ceremony took place at the FIDAE 2026 International Air and Space Fair in Santiago, Chile.

Dong Hyeon Kim, Head of Hanwha Aerospace's Land Systems Business Group, Domingo Castro Fernández, Indra's Director of Defense and Security for America, and María Dolores Carrillo Aguilera, Indra's Business Development Director of Land Systems, and The Republic of Korea's Ambassador to Chile, Hak-jae Kim, attended the ceremony.

Under the agreement, the two companies will jointly propose a combined solution for Chile's next-generation armored vehicle program. Hanwha Aerospace will supply its Tigon armored vehicle platforms, while Indra will provide Mission System Equipment (connectivity, situational awareness, and C2, among others) and serve as the regional coordination lead. Starting with Chile, the two companies aim to expand their cooperation across ground defense programs in the wider Latin American region.

The collaboration marks a step beyond conventional equipment supply, with the two companies offering a turnkey package that integrates Hanwha Aerospace’s proven Tigon platforms with Indra’s mission system technologies.

Dong Hyeon Kim, Head of Land Systems Business Group at Hanwha Aerospace, said, "Indra has defense electronics capabilities and a track record in Latin America that complement our vehicle platforms. Through this MOU, the two companies will be able to offer a more complete package to armed forces in the region."

An Indra Group spokesperson said, "This partnership creates an optimum 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.”

Hanwha Aerospace

Hanwha Aerospace is a global aerospace and defense company that offers a broad portfolio of products and services. These include land combat vehicles such as the world-renowned K9 Self-Propelled Howitzer and the Redback Infantry Fighting Vehicle, various other weapons systems, munitions, aircraft engine parts, and technology products and services. As South Korea's largest aerospace and defense company, Hanwha Aerospace is engaged in the research, development, and manufacture of advanced technology systems and is spearheading the country's space projects.

For more information, visit: www.hanwhaaerospace.com

Indra Group

Indra Group is the foremost Spanish multinational and one of the leading European companies that focuses on defence and advanced digitalization. It stands at the forefront of the defence, space, air traffic management, mobility, and transformative technologies through Minsait, and it integrates its sovereign AI, cybersecurity, and cyberdefence capabilities into IndraMind. Indra Group is paving the way to a more secure and better-connected future through innovative solutions, trusted relationships, and the very best talent. Sustainability is an integral part of its strategy and culture in order to overcome current and future social and environmental challenges. At the close of the 2025 financial year, Indra Group posted revenues of €5.457 billion and had a local presence in 46 countries and business operations in over 140 countries.

For more information, visit: https://www.indragroup.com/