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.
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)
$7.2B
32.6%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
318.5%
(2022 vs 2021)
Market Cap*
$8.9B
Net Profit Margin (2022)
XYZ
215.5%
(2022 vs 2021)
* As of and is in US$
Products and Services
| Products | Services |
|---|---|
| Aircraft Engines and Parts | Exchange, Commissioning and Parts Installation Services |
| Repair Services | |
| 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 |
|---|---|---|
| 2024 | Contracts/Agreements | In April, the company signed a $1.64 billion deal with Poland to deliver 72 Chunmoo rocket artillery units. |
| 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. |
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 | Director; Chief Executive Officer | Executive Board | 2021 | - |
| Hyunjin Kim | Director | Non Executive Board | 2021 | - |
| Choi Kang Soo | Director | Non Executive Board | 2018 | - |
| Byeongcheol Ahn | 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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