Hanwha Ocean's dockyard in Geoje Island, South Gyeongsang Province Hanwha Aerospace Co. will acquire an additional 1.3 trillion won ($900 million) worth of shares in Hanwha Ocean Co. from its sister companies through a block deal in March.The transaction is expected to tighten Hanwha Group Vice
Hanwha Aerospace unveils the latest model of its K9 self-propelled howitzer, the K9A2, on Sept. 12, 2023 South Korea’s Hanwha Aerospace Co. is close to signing a 400 billion won ($276 million) deal to export as many as 30 units of the K9 Thunder self-propelled howitzers to Vietnam, indust
Michael Coulter, former Leonardo DRS International president, now heads Hanwha Aerospace’s global defense business (Courtesy of Leonardo DRS) Hanwha Aerospace Co., a leading South Korean defense company, said on Monday it has hired Michael Coulter, a former senior executive at US-based It
Artist's illustration of Gilmour Space’s new hypersonic flight test service (File photo captured from Gilmour Space’s website) South Korea’s Hanwha Aerospace Co. has joined hands with Australian startup Gilmour Space Technologies in the space business, bolstering cooperation b
Prototype of Hanwha Aerospace’s advanced aero engine (File photo by Hanwha Aerospace) Hanwha Aerospace Co., South Korea’s answer to Elon Musk’s SpaceX, has decided to separate its non-core units to concentrate on the defense and aerospace businesses – key growth drivers
Hanwha Systems' multi-function radar (MFR) system used in Cheongung II missiles Hanwha Systems Co., a leading South Korean defense company, said on Tuesday it has clinched a $867 million deal to supply its advanced mobile multi-function radar (MFR) system to Saudi Arabia.The deal is part of a l
Hanwha Aerospace Co., South Korea’s major aerospace and defense system developer, signed a 1.3 trillion won ($938 million) contract to supply its K9 self-propelled howitzers to Romania, the company said on Wednesday. Hanwha Aerospace will deliver 54 units of its K9 howitzers and 36
Hanwha Aerospace CEO Son Jae-il (left) and Artur Kuptel, head of the Polish State Armament Agency, sign a $1.6 billion Chunmoo rocket launcher deal on April 25, 2024 Hanwha Aerospace Co., a leading South Korean defense company, on Thursday signed a $1.64 billion deal to supply 72 units of Chunm
South Korea's Hanwha Aerospace Co. announced on Tuesday that it will unveil the latest model of its K9 self-propelled howitzer, the K9A2, at the Defense and Security Equipment International (DSEI) trade show in London from Sept. 12 to 15.Hanwha Aerospace will showcase the K9A2 as part of a sel
Fly Gangwon has ceased all operations since May 20, 2023 South Korea’s chemicals-to-defense conglomerate Hanwha Group is preparing a bid for domestic low-cost carrier (LCC) Fly Gangwon under court protection, a move seen as a first step in its aim to become a full-fledged defense company