Hanwha Aerospace
South Korean aerospace and defense company specializing in aircraft engines, space launch vehicles, artillery systems, and military vehicles
- CEO / Founder
- Son Jae-il (손재일)
- Team Size
- 1001-5000
- Stage
- Public
- Latest Round
- IPO
- Key Investors
- Hanwha Group (33.99%); National Pension Service (7.56%)
Technology & Products
Key Products
Space: Nuri (KSLV-II) launch vehicle, 75-ton liquid rocket engines, satellite propulsion systems; Aviation: Aircraft gas turbine engines (F404, F100, T700), KF-21 fighter engine, KUH Surion helicopter engine; Land: K9 Thunder self-propelled howitzer, K10 ammunition resupply vehicle, Redback infantry fighting vehicle, Chunmoo multiple rocket launcher, Cheongung-II air defense system; Marine: Naval gas turbine engines, submarine lithium battery systems, electric propulsion systems; MRO services
Technological Advantage
Gas turbine engine design, production, and MRO capabilities; developer of K9 self-propelled howitzer; system integrator for Korea's indigenous space launch vehicle (Nuri/KSLV-II); additive manufacturing for nickel superalloy gas turbine components via national project
Differentiation
Value Proposition
Korea's only gas turbine engine manufacturer providing integrated solutions across space, air, land, and marine defense sectors
How They Differentiate
Full-spectrum defense capabilities from space launch to ground systems; K9 howitzer is a top-selling self-propelled artillery system globally; sole domestic gas turbine engine manufacturer in South Korea
Market & Competition
Target Customers
National defense ministries, global aerospace OEMs (GE, Rolls-Royce, Pratt & Whitney), space agencies (KARI), military forces worldwide
Industry Verticals
Aerospace/Defense; Space; Aviation; Naval/Marine
Competitors
Korea Aerospace Industries (KAI); LIG Nex1; Mitsubishi Heavy Industries
Growth & Milestones
Growth Metrics
Revenue ₩22.5T (2024); Net income ₩2.54T (2024); Market cap ~₩60T (~$40B)
Major Milestones
1977: Founded as Samsung Precision Industries; 1987: Renamed Samsung Aerospace; 2000: Renamed Samsung Techwin; 2015: Acquired by Hanwha Group, renamed Hanwha Techwin; 2018: Renamed Hanwha Aerospace; 2022: Successful launch of Nuri (KSLV-II) — Korea's first indigenous space launch vehicle; 2022: Selected as system integrator for Korean Launch Vehicle Advancement Project; 2024: Selected as system integrator for KSLV-III (next-gen lunar mission vehicle); K9 howitzer exported to 10+ countries
Notable Customers
Republic of Korea Armed Forces; Polish Ministry of Defence; Finnish Defence Forces; Norwegian Defence Materiel Agency; Australian Army; Indian Army; Egyptian Armed Forces; UAE military; GE Aerospace; Pratt & Whitney; Rolls-Royce