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Hanwha Aerospace Co Ltd (Hanwha Aerospace) develops, manufactures, produces and maintains aircraft engines. The company offers aerospace products including liquid-fuel engines, satellite components and solid-fuel rockets and satellite thrusters. It also provides solar energy solutions, digital financial services and retail and lifestyle services, engine repair, exchange, commissioning and parts installation services. Hanwha Aerospace serves the aircraft industry. The company works in partnership with Pratt & Whitney for joint aircraft engine development. It has an operational presence in the UK, Iraq, the UAE, China, Singapore, Brazil, the US and South Korea. 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 (2024)
$18.8B
137.6%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-39.1%
(2024 vs 2023)
Market Cap*
$32.4B
Net Profit Margin (2024)
XYZ
-74.4%
(2024 vs 2023)
* As of and is in US$
Products and Services
| Products | Services |
|---|---|
| Aircraft Engines and Parts | Exchange, Commissioning and Parts Installation Services |
| Fixed Wing Engines | Repair Services |
| Rotary Wing Engines | Green Energy Solutions |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In June, the company entered into a teaming agreement with Generation 5 Holding to develop and sell the K9 155 mm self-propelled howitzer. |
| 2026 | Contracts/Agreements | In May, the company and the Korea AeroSpace Administration introduced a joint program to build a 4,500-pound-class turbofan engine for unmanned combat aircraft. |
| 2026 | Contracts/Agreements | In May, the company secured an additional order to deliver three Chunmoo multiple rocket launcher systems to Estonia. |
Competitor Comparison
| Key Parameters | Hanwha Aerospace Co Ltd | Mitsubishi Heavy Industries Ltd | Safran Helicopter Engines | Lockheed Martin Korea |
|---|---|---|---|---|
| Headquarters | South Korea | Japan | France | South Korea |
| City | Changwon | Chiyoda-Ku | Bordes | - |
| State/Province | Seoul | Tokyo | Aquitaine | - |
| No. of Employees | 4,407 | 78,793 | 2,000 | - |
| Entity Type | Public | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Ben Hudson | Chief Executive Officer - Europe and UK | Senior Management | 2025 | - |
| Kim Sang Hee | Director | Non Executive Board | 2018 | - |
| Son Jae-il | Director | Non Executive Board | - | - |
| Byeongcheol Ahn | Director | Non Executive Board | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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