Hanwha Secures Army Lease for Munitions Plant in Arkansas

The US Army is planning to lease land to a South Korean defense firm at Pine Bluff Arsenal in Arkansas for a munitions facility, as the Pentagon tries to speed up domestic production.

Hanwha Defense USA Inc., which is a US subsidiary of Seoul-based Hanwha Aerospace Co., plans to invest roughly $1.3 billion to build a munitions facility on the US military installation, the company announced Wednesday.

The investment comes the same week President Donald Trump threatened to hike tariffs on goods imported from South Korea to 25%, citing what he said was the failure of the country’s ...