Hyundai Rotem picked as preferred bidder for Peru’s armored vehicle deal

South Korean defense firm Hyundai Rotem has been selected as a preferred bidder to export 30 K-808 White Tiger wheeled armored vehicles to Peru, the company said Thursday. STX Engine will serve as the main contractor for the deal, while Hyundai Rotem will supply the vehicles to the Peruvian Army. The deal, valued at approximately 82.8 billion won (US$600 million), is anticipated to be formalized later this month, according to company officials. If finalized, it would mark South Korea's first exports of armored vehicles to Latin America. The K-808 is an eight-wheeled infantry transport vehicle designed for fast troop deployment and reconnaissance missions in front-line areas. Last month, South Korean shipbuilder HD Hyundai Heavy Industries signed a 640.6 billion-won contract to build four warships for the Peruvian Navy jointly with a local shipyard. Source: Yonhap News Agency