IBOV 172,040.96 ▲ 0.42% IPC MEX 71,811.20 ▼ 0.27% MERVAL 2,848,945 — — USD/BRL5.64▲ 0.04% USD/MXN18.57▼ 0.19% USD/CLP995.26▼ 0.02% USD/COP3,321▲ 1.26% USD/PEN3.40▼ 0.23% USD/ARS1,545▼ 0.02% USD/UYU40.59▲ 2.33% USD/PYG6,196▲ 2.33% USD/BOB11.59▼ 0.37% USD/DOP60.61▲ 1.88% USD/CRC442.74▼ 0.10% USD/GTQ7.64▲ 2.06% USD/HNL26.91▲ 2.15% USD/NIO36.62▲ 1.57% USD/VES909.35▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 1.39% USD/TTD6.75▲ 1.58% EUR/BRL6.22▲ 0.55% BRENT 96.12 ▲ 0.31% WTI 88.79 ▲ 0.06% IRON ORE 161.91 — — COPPER 6.10 ▼ 1.29% GOLD 3,884 ▼ 0.03% SILVER 49.08 ▼ 1.78% SOY 1,232 ▲ 0.39% CORN 446.75 ▲ 0.96% WHEAT 594.25 ▲ 1.71% COFFEE 274.10 ▼ 2.18% SUGAR 18.47 ▲ 1.37% ORANGE JUICE 139.10 ▼ 1.31% COTTON 83.18 ▲ 5.73% COCOA 5,304 ▲ 4.70% BEEF 220.83 ▲ 0.88% CATTLE 339.20 ▲ 1.05% LITHIUM 58.78 ▼ 1.09% PETR4 44.95 ▲ 0.56% VALE3 63.36 ▼ 0.92% ITUB4 42.48 ▲ 1.92% BBDC4 14.51 ▲ 1.33% ABEV3 15.80 ▲ 0.32% BBAS3 15.09 ▼ 2.52% B3SA3 14.88 ▲ 0.81% WEGE3 51.13 ▼ 1.01% PRIO3 63.29 ▼ 0.02% SUZB3 55.14 ▼ 1.61% RENT3 30.23 ▲ 2.20% AZZA3 15.81 ▼ 6.45% CSAN3 3.02 ▲ 5.96% RAIZ4 20.00 ▼ 6.67% PCAR3 2.50 ▲ 4.60% GMAT3 4.28 ▲ 11.46% PSSA3 46.78 ▲ 1.83% CVCB3 0.86 ▲ 2.38% POSI3 3.14 ▼ 6.82% SLCE3 18.20 ▼ 0.87% NATU3 5.10 ▼ 4.32% BRKM5 3.10 ▲ 0.98% RANI3 8.14 ▼ 0.49% CSNA3 3.81 ▼ 9.93% IBOV 172,040.96 ▲ 0.42% IPC MEX 71,811.20 ▼ 0.27% MERVAL 2,848,945 — — USD/BRL 5.64 ▼ 0.05% USD/MXN 18.55 ▼ 0.30% USD/CLP 995.51 ▲ 0.00% USD/COP 3,316 ▲ 1.11% USD/PEN 3.40 ▼ 0.33% USD/ARS 1,547 ▲ 0.08% USD/UYU 40.59 ▲ 2.33% USD/PYG 6,196 ▲ 2.33% USD/BOB 11.59 ▼ 0.37% USD/DOP 60.61 ▲ 1.88% USD/CRC 442.74 ▼ 0.10% USD/GTQ 7.64 ▲ 2.06% USD/HNL 26.91 ▲ 2.15% USD/NIO 36.62 ▲ 1.57% USD/VES 909.35 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 1.39% USD/TTD 6.75 ▲ 1.58% EUR/BRL 6.22 ▲ 0.52% BRENT 96.12 ▲ 0.31% WTI 88.79 ▲ 0.06% IRON ORE 161.91 — — COPPER 6.10 ▼ 1.29% GOLD 3,884 ▼ 0.03% SILVER 49.08 ▼ 1.78% SOY 1,232 ▲ 0.39% CORN 446.75 ▲ 0.96% WHEAT 594.25 ▲ 1.71% COFFEE 274.10 ▼ 2.18% SUGAR 18.47 ▲ 1.37% ORANGE JUICE 139.10 ▼ 1.31% COTTON 83.18 ▲ 5.73% COCOA 5,304 ▲ 4.70% BEEF 220.83 ▲ 0.88% CATTLE 339.20 ▲ 1.05% LITHIUM 58.78 ▼ 1.09% PETR4 44.95 ▲ 0.56% VALE3 63.36 ▼ 0.92% ITUB4 42.48 ▲ 1.92% BBDC4 14.51 ▲ 1.33% ABEV3 15.80 ▲ 0.32% BBAS3 15.09 ▼ 2.52% B3SA3 14.88 ▲ 0.81% WEGE3 51.13 ▼ 1.01% PRIO3 63.29 ▼ 0.02% SUZB3 55.14 ▼ 1.61% RENT3 30.23 ▲ 2.20% AZZA3 15.81 ▼ 6.45% CSAN3 3.02 ▲ 5.96% RAIZ4 20.00 ▼ 6.67% PCAR3 2.50 ▲ 4.60% GMAT3 4.28 ▲ 11.46% PSSA3 46.78 ▲ 1.83% CVCB3 0.86 ▲ 2.38% POSI3 3.14 ▼ 6.82% SLCE3 18.20 ▼ 0.87% NATU3 5.10 ▼ 4.32% BRKM5 3.10 ▲ 0.98% RANI3 8.14 ▼ 0.49% CSNA3 3.81 ▼ 9.93%
since 2009
Friday, November 13, 2026

Peru’s Military Modernization: K2 Black Panther Tanks to Replace Aging Fleet

By · · 2 min read

Peru’s armed forces are set to receive a significant upgrade. The country has inked a deal with South Korea’s Hyundai Rotem for the acquisition of K2 Black Panther tanks.

This move aims to replace Peru’s outdated T-55 tanks, a goal pursued for over a decade. On November 16, Hyundai Rotem and FAME SAC, Peru’s Army Weapons and Munitions Factory, signed a comprehensive agreement in Lima.

The deal covers the production of ground weapons, including K2 Black Panther tanks and K808 wheeled armored vehicles. This agreement marks Hyundai Rotem’s entry into the Latin American market.

Free daily brief — no card needed
Get every Defense Monitor story in one morning email
We build you a personalized brief around the topics you follow — free for 7 days. Love it? Your first month after that is US$1.

It follows a contract won in May to supply wheeled armored vehicles to the Peruvian Army. The new deal expands the scope to include the entire ground weapons system.

The K2 Black Panther is a modern main battle tank designed for diverse combat environments. It boasts a 120mm smoothbore main gun and can carry up to 40 rounds.

Peru's Military Modernization: K2 Black Panther Tanks to Replace Aging Fleet
Peru’s Military Modernization: K2 Black Panther Tanks to Replace Aging Fleet.
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

The tank’s secondary armament includes 12.7mm or 7.62mm machine guns. With a combat weight of 56 tons, the K2 can reach speeds of 70 km/h on roads.

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “Trump threatens to double tariffs on Mexico”

It has a range of 450 km and can ford water up to 4.1 meters deep. The tank is powered by a 1,500 hp diesel engine with automatic transmission.

Peru Acquires K2 Black Panther Tanks

The K2’s survivability is enhanced by various protection systems. These include a Battle Management System for threat detection and an Active Protection System to deflect threats.

The tank also features composite armor and ERA for crew protection. Advanced optics and thermal imaging systems equip the K2 for day and night operations.

It has automatic target tracking capabilities and GPS integration. The tank’s electric drive for gun and turret movement reduces its heat signature.

This deal represents a significant step in Peru‘s military modernization efforts. It also strengthens South Korea’s position in the Latin American defense market.

The agreement paves the way for future contracts for K2 tanks and K808 armored vehicles. The K2 has proven its reliability in service with the Polish army.

Since December 2022, 71 units have been operating smoothly out of a total order of 180 tanks. This track record likely influenced Peru’s decision to adopt the K2.

Peru’s acquisition of the K2 Black Panther tanks will boost its military capabilities. It also signals the country’s commitment to modernizing its armed forces with cutting-edge technology.

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.