(Adds detail from statement, pars 2-3)
SYDNEY, July 27 (Reuters) - The Australian government said on Thursday it had selected South Korean company Hanwha 012450.KS to build 129 Redback infantry fighting vehicles.
A statement from the country's defence ministry said the project will have a value of between A$5 billion ($3.38 billion)and A$7 billion.
"Our decision to build the Redback infantry fighting vehicles in Australia will support up to 600 direct jobs and more than a thousand jobs in the Australian industry supply chain," Minister for Defence Industry Pat Conroy said.
($1 = 1.4797 Australian dollars)
