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Hanwha Aerospace Inks 623.2 Bln-Won Deal To Supply Engines For KF-21 Fighter Jets

Hanwha Aerospace Inks 623.2 Bln-Won Deal To Supply Engines For KF-21 Fighter Jets

SEOUL, June 26 (Korea Bizwire) — Hanwha Aerospace Co. said Thursday it has signed a 623.2 billion-won (US$459.3 million) follow-up contract with the state defense procurement agency to supply engines for South Korea’s next-generation KF-21 fighter jets. The agreement with the Defense Acquisition Program Administration (DAPA) builds on a previous engine supply deal worth 556.2 [...]

Hanwha Aerospace Makes Inaugural Appearance at Shangri-La Security Forum

Hanwha Aerospace Makes Inaugural Appearance at Shangri-La Security Forum

SEOUL, June 2 (Korea Bizwire) — South Korean defense giant Hanwha Aerospace Co. said Monday it has participated in the Shangri-La Dialogue, a major international security forum held annually in Singapore, marking a step forward in its global defense engagement and becoming the first South Korean defense firm to do so. Michael Coulter, chief executive [...]

Hanwha Aerospace Eyes U.S. Air Force Repair Hub Role to Bolster USFK Combat Readiness

Hanwha Aerospace Eyes U.S. Air Force Repair Hub Role to Bolster USFK Combat Readiness

CHANGWON, South Korea, April 27 (Korea Bizwire) – Hanwha Aerospace Co. is seeking to join a U.S. Department of Defense initiative to establish a network of military repair hubs in the Indo-Pacific, a move that could significantly enhance the combat readiness of U.S. Forces Korea (USFK) and strengthen South Korea’s strategic role in allied security [...]

Hanwha Aerospace Inks 371.4 Bln-Won Deal to Export K9 Howitzer to India

Hanwha Aerospace Inks 371.4 Bln-Won Deal to Export K9 Howitzer to India

SEOUL, April 3 (Korea Bizwire) — South Korean defense giant Hanwha Aerospace Co. said Thursday it has signed a 371.4 billion-won (US$253.6 million) deal to export homegrown K9 self-propelled howitzers to India. Under the agreement, the company will deliver the K9 howitzers to the Indian Army by September 2030, in cooperation with Mumbai-based company Larsen [...]

Hanwha Aerospace Hires ex-Leonardo President to Helm Overseas Business

Hanwha Aerospace Hires ex-Leonardo President to Helm Overseas Business

SEOUL, Dec. 16 (Korea Bizwire) — Hanwha Aerospace Co., a major South Korean defense equipment manufacturer, said Monday it has appointed Michael Coulter, former president of global defense firm Leonardo DRS International, to oversee its overseas business operations. In the company’s newly created position of global defense CEO, Coulter will be responsible for overseeing the [...]

Hanwha Aerospace Bags 473 Bln-won Deal to Supply Parts for KF-21 Fighter Jet

Hanwha Aerospace Bags 473 Bln-won Deal to Supply Parts for KF-21 Fighter Jet

SEOUL, Nov. 26 (Korea Bizwire) — Hanwha Aerospace Co. said Tuesday it has won a 473 billion-won (US$336.6 million) contract from Korea Aerospace Industries Ltd. to supply components for South Korea’s next-generation KF-21 fighter jets. Under the deal, Hanwha Aerospace will supply key components, including the auxiliary power unit, as well as propulsion, landing, drive [...]

Hanwha Aerospace Successfully Makes Its Presence Felt at Aerospace Alley

Hanwha Aerospace Successfully Makes Its Presence Felt at Aerospace Alley

CHESHIRE, Connecticut, Jul. 1 (Korea Bizwire) — Aerospace Alley is one of the world’s largest and most experienced concentrations of aerospace companies, housing around 130 parts companies and top-tier original equipment manufacturers (OEMs) within an 80-kilometer radius of Hartford, Connecticut. Anchored by internationally renowned companies, like jet engine-maker Pratt & Whitney, this industrial ecosystem supports [...]

Hanwha Aerospace Aims to Achieve 2.9 Tln Won in Sales of Aviation Engine Parts by 2032

Hanwha Aerospace Aims to Achieve 2.9 Tln Won in Sales of Aviation Engine Parts by 2032

CHESHIRE, Connecticut, Jul. 1 (Korea Bizwire) — Hanwha Aerospace Co. said Sunday it aims to generate 2.9 trillion won (US$2.08 billion) in sales from the global aviation engine components business by 2032, with a target to secure capabilities for developing its own engine technologies for fighter jets. “Hanwha Aerospace has been actively promoting its global [...]

Hanwha Aerospace Likely to Sign Additional Deal for Chunmoo with Poland: Sources

Hanwha Aerospace Likely to Sign Additional Deal for Chunmoo with Poland: Sources

SEOUL, Apr. 23 (Korea Bizwire) — South Korean defense firm Hanwha Aerospace Co. is expected to export an additional batch of Chunmoo multiple launch rocket systems (MLRS) to Poland, a deal estimated at around 2.2 trillion won (US$1.6 billion), multiple sources said Tuesday. A Polish delegation, led by Deputy Defense Minister Pawel Bejda, plans to [...]

Hanwha Aerospace to Focus on Defense Business after Spinoff

Hanwha Aerospace to Focus on Defense Business after Spinoff

SEOUL, Apr. 5 (Korea Bizwire) — Hanwha Aerospace Co., a South Korean defense company, said Friday it will focus on the defense and aviation business after spinning off two affiliates by September. Hanwha Aerospace will spin off its two wholly owned units — artificial intelligence solutions firm Hanwha Vision and semiconductors equipment maker Hanwha Precision [...]