Hanwha kickstarts localization of 1,000-hp gas turbine engine components

The S.Korean company will undertake the design and database building for 6 types of long-life aviation engine core components

Hanwha kickstarts localization of 1,000-hp gas turbine engine components
Seo-Woo Jang 1
2023-01-31 15:16:56 suwu@hankyung.com
Aerospace & Defense

A project to lengthen the lifecycle of 1,000-horsepower gas turbine engine core components and materials, which is led by Hanwha Aerospace Co. located in the Changwon National Industrial Complex in South Gyeongsang Province, was selected for the "2022 weapons system package technology development" competition sponsored by the Korea Research Institute for Defense Technology Planning and Advancement.

The project will be undertaken in earnest beginning this year.

According to the Gyeongsang Provincial Government, the South Korean aerospace and defense company held a joint technology development agreement signing ceremony at the Changwon Convention Center on Monday.

A long-life engine refers to an engine that is maintained and reused by replacing components after running for more than 1,000 hours.

Hanwha Aerospace will invest 48.8 billion won ($39.7 million) for five years until 2027, and undertake the design and database building for six types of long-life aviation engine core components.

By performing this task, further localization of components for the domestic aerospace and defense industry is expected, and it is hoped that it will be a stepping stone for Korea to take a step forward to become one of the world's top-four defense exporters, as well as for the defense industry within the province.

"I hope that our province's defense technology could be leveled up through the R&D of core materials for gas turbine aviation engines. Our government will do everything in our power in supporting the companies within our jurisdiction," said Provincial Governor Park Wan-soo in a pre-recorded video message.

Write to Seo-Woo Jang at suwu@hankyung.com

Kakao Pay and Hanwha Aerospace likely to be added to MSCI Korea Index

Kakao Pay and Hanwha Aerospace likely to be added to MSCI Korea Index

South Korea's Kakao Pay Corp. and Hanwha Aerospace Co. next month are expected to get newly incorporated into the MSCI Korean Index, which measures the performance of the large- and mid-cap segments of the domestic market.Financial investment sources on Thursday said the investment research co

Hanwha Aerospace to launch 4 more Nuri rockets under $220 mn project

Hanwha Aerospace to launch 4 more Nuri rockets under $220 mn project

Korea's first homegrown Nuri rocket blasts off from the launch pad Hanwha Aerospace Co., South Korea’s answer to Elon Musk’s SpaceX, is planning on four additional launches of the country’s first homegrown space rocket, Nuri, by 2027 as part of a 286 billion won ($220 million)

Hanwha Aerospace, Hanwha Defense likely to merge

Hanwha Aerospace, Hanwha Defense likely to merge

Hanwha Group Chairman Kim Seung-yeon Hanwha, the South Korean chemicals-to-financial conglomerate, has been a key player in the M&A market with a series of conspicuous acquisitions in the past few years in the hydrogen, solar power and aerospace sectors.Recent economic headwinds such as hig

Rolls-Royce awards Hanwha Aerospace for trusted partnership

Rolls-Royce awards Hanwha Aerospace for trusted partnership

Warrick Matthews (far left), chief procurement officer at Rolls-Royce, Nam Hyung-wook, (third from left), head of Hanwha Aerospace’s Changwon plant, Sebastian Resch (fifth from left), operation director at Rolls-Royce  South Korea’s Hanwha Aerospace Co., has been chosen as on

(* comment hide *}