Hanwha Aerospace to invest $2.2B in Arkansas ammunition production

Hanwha Aerospace will invest $2.2 billion (about 3 trillion won) to build a large ammunition production hub at Pine Bluff Arsenal in Arkansas. Over seven years it plans a Hanwha Advanced Manufacturing Campus for 155mm shell components and propellants, creating about 400 jobs.

• Investment totals $2.2 billion over seven years
• Hanwha Advanced Manufacturing Campus to be built at Pine Bluff Arsenal
• Site will produce 155mm shell components and propellants
• About 400 new jobs are expected