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Hanwha Aerospace Co Ltd: Overview

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, Gyeongsangnam, South Korea.

Headquarters South Korea

Address 1204, Changwon-Daero, Seongsan-Gu, 51542


Telephone 82 55 2602114

No of Employees 1,963

Industry Aerospace and Defense

Ticker Symbol & Exchange 012450 (KRX)

Revenue (2021) $5.6B 20.6% (2021 vs 2020)

EPS XXX

Net Income (2021) XXX 108% (2021 vs 2020)

Market Cap* $2.8B

Net Profit Margin (2021) XXX 72.8% (2021 vs 2020)

* As of and is in US$

Products and Services

Products Services
Aircraft Engines and Parts Repair Services
Exchange, Commissioning and Parts Installation Services
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2022 Contracts/Agreements In August, the company established a US$165 million supply deal with Aerospace for the supply three types of electromechanical actuators to Vertical for its VX4 air taxi from 2025 to 2035.
2022 Plans/Strategy In July, the company announced its plans to merge with Hanwha Defense.
2022 Contracts/Agreements In July, the company entered into an agreement with Vertical Aerospace to develop a high-performance electro mechanical actuator for air taxis and flying vehicles for urban air mobility.
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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 - Tokyo - -
No. of Employees 1,963 1,701 - -
Entity Type Public Private Private Private
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Executives
Name Position Board Since Age
Jai-Il Son Chairman; Chief Executive Officer Executive Board 2022 -
Kim Dong Kwan Chief Executive Officer; Chairman Executive Board 2021 -
Sang Hee Kim Director Non Executive Board 2020 -
Seung-Mo Kim Director Non Executive Board 2021 -
Sun Hee Lee Director Non Executive Board 2021 -
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
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