Hanwha Aerospace Signs MOU with Indra Group for Latin American Defence Cooperation

Hanwha Aerospace has signed a memorandum of understanding (MOU) with Spanish defence company Indra Group to jointly offer armoured 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 Defence 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 armoured vehicle program. Hanwha Aerospace will supply its Tigon armoured 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 defence 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 defence 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."

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."