Overview
- The agreement, signed in Lima during Army Day events, is a framework rather than a finalized procurement, with price, financing and delivery terms to be set in an execution contract expected in 2026.
- Peru plans to acquire 195 vehicles in total: 54 K2 Black Panther main battle tanks and 141 K808 8×8 armored vehicles.
- The deal includes industrial participation and technology transfer, with a projected $270 million initial investment to build a Peruvian assembly complex operated through FAME.
- Peruvian officials say Hyundai Rotem will pursue long-term financing of up to 15 years, and a meeting with the Ministry of Economy and Finance is scheduled for December 17 to review the project.
- South Korea’s presidential office says the project would become the country’s largest land-defense export to Latin America and the K2’s first entry into the region if implemented, supporting Peru’s effort to replace aging T-55 tanks.