Hanwha Aerospace Co Ltd (Hanwha Aerospace) develops, manufactures, produces and maintains aircraft engines. The company specializes in manufacturing engine parts including compressors, combustor modules and low-pressure turbine modules. It also provides engine repair, exchange, commissioning and parts installation services. Hanwha Aerospace caters its products and services to the aircraft industry. The company works in partnership with Pratt & Whitney for joint aircraft engine development. It has a presence in the UK, Iraq, the UAE, Qatar, China, Singapore, Brazil and the US. Hanwha Aerospace is headquartered in Changwon, Seoul, South Korea.
Headquarters
South Korea
Address
1204, Changwon-Daero, Seongsan-Gu, Seoul, 51542
Telephone
82 55 2602114
No of Employees
4,407
Industry
Aerospace and Defense
Ticker Symbol & Exchange
012450 (KRX)
Revenue (2022)
$5.1B
18%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-20.5%
(2022 vs 2021)
Market Cap*
$3.9B
Net Profit Margin (2022)
XYZ
-32.7%
(2022 vs 2021)
* As of and is in US$
Products and Services
| Products | Services |
|---|---|
| Aircraft Engines and Parts | Exchange, Commissioning and Parts Installation Services |
| Repair Services |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In September, the company collaborated with Hanwha Ocean and Hanwha Systems to present a series of advanced autonomous defense solutions at Międzynarodowy Salon Przemysłu Obronnego. |
| 2023 | Contracts/Agreements | In August, the company entered into a strategic collaboration with Hanwha Ocean to develop and enhance Energy Storage System (ESS) technology. |
| 2023 | Contracts/Agreements | In July, the company won an Australian contract worth up to US$4.74 billion for building 129 infantry fighting vehicles. |
Competitor Comparison
| Key Parameters | Hanwha Aerospace Co Ltd | JALUX Inc | Lockheed Martin Korea | Mitsubishi Heavy Industries Aero Engines Ltd |
|---|---|---|---|---|
| Headquarters | South Korea | Japan | South Korea | Japan |
| City | Changwon | Minato-Ku | - | - |
| State/Province | Seoul | Tokyo | - | - |
| No. of Employees | 4,407 | 1,701 | - | - |
| Entity Type | Public | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jaeil Son | Chairman | Executive Board | 2022 | - |
| Kim Dong Kwan | Chief Executive Officer; Director | Executive Board | 2021 | - |
| Hyunjin Kim | Director | Non Executive Board | 2021 | - |
| Byeongcheol Ahn | Director | Non Executive Board | 2023 | - |
| Jingu Jeon | Director | Non Executive Board | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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