SEOUL, Aug. 23 (Korea Bizwire) — Hanwha Aerospace Co., a South Korean aircraft engine maker, said Tuesday it has received a US$165 million deal to supply an urban air mobility (UAM) component to Vertical Aerospace in Britain. Hanwha Aerospace will supply electromechanical actuators (EMAs) for the VX4, an electric vertical take-off and landing (eVTOL) aircraft, [...]
SEOUL, July 21 (Korea Bizwire) — Hanwha Aerospace Co., a South Korean aircraft engine maker, said Thursday it will jointly develop a key piece of equipment for British manufacturer Vertical Aerospace’s electrical vertical take-off and landing (eVTOL) aircraft. Under the partnership signed at the Farnborough Airshow, Hanwha and Vertical will develop an electromechanical actuator for [...]
SEOUL, Jun. 10 (Korea Bizwire) — Hanwha Aerospace Co., the aircraft engine making unit of defense and finance conglomerate Hanwha Group, said Monday it had signed a deal worth 350 billion won (US$300 million) to buy a U.S. aircraft engine maker in its latest expansion strategy. Under the deal, Hanwha Aerospace will acquire a 100 [...]