[풍산 방산사업 인수전]② 영업가치만 '3조 후반'…고유기술도 많아 [넘버스]

The high valuation of Poongsan's defense unit highlights its indispensable role as the sole ammunition supplier for South Korea's major export platforms like the K9 and K2. This strategic 'lock-in effect' ensures long-term recurring revenue throughout the weapon systems' lifecycles, positioning the company as a critical beneficiary of the global ammunition shortage.