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 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, China, Singapore, Brazil and the US. Hanwha Aerospace is headquartered in Changwon, Seoul, South Korea.
Products and Services
Products | Services |
---|---|
Aircraft Engines and Parts | Exchange, Commissioning and Parts Installation Services |
Repair Services | |
Green Energy Solutions | |
XYZ | |
XYZ | |
XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2023 | Contracts/Agreements | In December, the company secured a second phase contract to export 152 K9 self-propelled howitzers. |
2023 | Contracts/Agreements | In December, the company signed an agreement to supply 129 Redback infantry fighting vehicles to Australia. |
2023 | Contracts/Agreements | In December, the company secured an arms deal worth 3.4 trillion with Polish Armaments Agency to buy more than 150 additional South Korean K9 howitzers. |
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 | 1,905 | - | - |
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 | - |
Choi Kang Soo | Director | Non Executive Board | 2018 | - |
Hyunjin Kim | Director | Non Executive Board | 2021 | - |
Jingu Jeon | Director | Non Executive Board | 2023 | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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