Products & Services > Affiliates > Hanwha Aerospace
Hanwha Aerospace is the only aircraft engine producer in South Korea and trusted in the global market for our original application technologies.
In 1977, Hanwha Aerospace began by building businesses in the aircraft engine and film camera industry. Since then, weve aggressively invested in research to develop our technologies in optics, video, and military aircraft engines. Weve then expanded into aircraft components and commercial engine parts business. To evolve as we have, weve had to successfully develop top-tier and original application technologies that gave us the competitive edge needed for our businesses around the globe. And as our technologies advanced, so did our expertise and our ability to not only meet the changing market demands but also anticipate them.
As South Koreas only manufacturer of gas turbine engines for the last 40 years, we have been in a fortunate position to capitalize on all the opportunities to build a powerful business in aerospace. We now provide a range of aircraft components and gas turbine engine solutions that our nation needs and those that are also desired by markets all over the world. In 2015, we began a partnership with UTAS, a company in Turkey, to export aerospace parts. In the same year, our aerospace maintenance business also signed a memorandum of understanding with GE. In 2016, we became a trusted partner in the global aircraft industry when we entered a contract with the United States Pratt & Whitney to operate a joint venture with Singaporean manufacturing company. Our partnership with Pratt & Whitney is a Risk and Revenue Sharing Partnership (RSP) to co-build the next-generation aircraft engine. This partnership represents our joining the ranks of other leading aircraft engine manufacturers of the world. In 2017, we established a production base in Vietnam to improve our cost competitiveness and increase production capacity. In 2019, we acquired EDAC Technologies, the US aircraft engine component manufacturer, and launched Hanwha Aerospace USA to expand our product portfolio and leverage high-end processing technology.
In 2021, we entered the satellite business through the acquisition of Satrec Initiative, a domestic satellite specialist. As a key company behind “Space Hub,” Hanwhas foray into the space industry, we will actively promote R&D investment and talent recruitment across multiple aerospace businesses.
Were in an industry that sees changes great and fast but despite them, weve continuously achieved great successes and we remain committed to becoming the top global partner in aviation engine parts. Our strategy is simple: We anticipate the ever-changing markets and address them through continuous development of technology with a focus on quality. Embracing the promise of the New Space Age, we will continue our efforts to establish the space industry value chain, including launch vehicle engines, while providing total solutions for the industry.
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Hanwha's businesses span chemicals & materials, aerospace & mechatronics, solar energy, finance,
leisure & lifestyle, and construction. Through the integration of our growing number of affiliate enterprises worldwide, we are harnessing the power of sustainable, quality growth to continually increase the value we bring to our customers.
- Hanwha Corporation Hanwha Corporation, the parent company of the Hanwha Group, is a global manufacturing company that has directly contributed to the growth of South Korea's economy. There are 3 divisions under the Hanwha Corporation: Global, Defense, and Machinery. Hanwha Corporation was founded in 1952 as Korea Explosives Company, quickly becoming the leader in the explosives industry of South Korea. It has since grown into a global manufacturing company operating in three business areas—explosives and chemical, defense, and machinery. In 1959, Hanwha was the first domestic manufacturer of dynamite in South Korea. After having successfully developed safer, high-quality industrial explosives and fire process products, we have been able to supply the South Korean government with the crucial means to rebuild its cities and infrastructure.
- Hanwha Techwin Hanwha Techwin provides optimal security solutions for different industries, with our full lineup of products ranging from CCTV and storage devices to integrated management software. Based on 30 years of experience and best technology in the field of optical and video processing, we are able to satisfy diverse customer needs with excellent product lineup, while maintaining a global top-tier status with advances in R&D that meet the changes in housing and industrial paradigms. With production facilities in China, Vietnam and in Korea, Hanwha Techwin manufactures 2.7 million video surveillance devices. Our service network covers Europe, the Americas, the Middle East, China and Asia and 76 percent of our sales come from our overseas markets.
- Hanwha Systems As a leading global total solutions company, Hanwha Systems provides differentiated smart technologies in defense ICT and information infrastructure. In August 2018, we launched the new ICT division through the merger with Hanwha S&C. Our ICT division will enable us to increase our leadership in defense electronics by leveraging advanced defense IT and system integration capabilities. And by strengthening our SI business competencies, we will be able to expand into areas of public infrastructure and private security.