AGP Executive Report
Last update: 9 hours agoIndustrial Expansion: HD Construction Equipment opened a new Gunsan engine plant in South Korea, with capacity for tank engines and large power-generation engines as it targets $1.7 billion in engine sales by 2030. Shipbuilding: Hanwha Defense USA will take control of Hanwha Philly Shipyard, aligning its U.S. defense and commercial shipbuilding operations as it pursues Navy work. Procurement: India cleared ₹2.12 lakh crore in military acquisition proposals, with drones and other locally produced systems among the priorities. Missile Production: The U.S. Air Force revived its AGM-183A hypersonic missile program with a $694 million Lockheed Martin production contract. Maritime Security: SAFE Boats won a five-year agreement worth up to $36.4 million to supply patrol boats, training and support for U.S. Southern Command partner nations.
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