Hanwha AeroSpace Co Ltd
KRX:012450
Hanwha AeroSpace Co Ltd
Hanwha AeroSpace Co., Ltd., rooted in South Korea's bustling industrial landscape, emerged as a formidable force in the aerospace and defense sectors, building on the rich legacy of its parent conglomerate, Hanwha Group. Originally founded as Samsung Techwin in 1977, it transitioned to Hanwha AeroSpace after its acquisition by Hanwha Group in 2014. This strategic shift allowed the company to focus its energies on expanding its capabilities in manufacturing and supplying critical components, notably gas turbine engines and aviation parts, which are key to its revenue generation. By leveraging a blend of innovative engineering and robust research and development, Hanwha AeroSpace has positioned itself as a key supplier to both commercial and military aviation markets, underscoring its role in supporting global aeronautic advancements.
Central to Hanwha AeroSpace's financial viability is its diverse portfolio that spans not only aerospace components but also includes strategic defense systems such as guided weaponry and surveillance technology. The company capitalizes on long-term contracts with government and private-sector clients worldwide, securing a steady stream of income. This focus on defense-related projects aligns with global trends emphasizing national security enhancements, thereby ensuring consistent demand for Hanwha's offerings. At the heart of its business model lies a commitment to fostering long-term partnerships with leaders in the aerospace industry, an approach that ensures both technological synergies and financial stability. Through this, Hanwha AeroSpace successfully navigates the complex milieu of global aerospace demands, reinforcing its status as a linchpin in the ongoing evolution of air defense technology.
Hanwha AeroSpace Co., Ltd., rooted in South Korea's bustling industrial landscape, emerged as a formidable force in the aerospace and defense sectors, building on the rich legacy of its parent conglomerate, Hanwha Group. Originally founded as Samsung Techwin in 1977, it transitioned to Hanwha AeroSpace after its acquisition by Hanwha Group in 2014. This strategic shift allowed the company to focus its energies on expanding its capabilities in manufacturing and supplying critical components, notably gas turbine engines and aviation parts, which are key to its revenue generation. By leveraging a blend of innovative engineering and robust research and development, Hanwha AeroSpace has positioned itself as a key supplier to both commercial and military aviation markets, underscoring its role in supporting global aeronautic advancements.
Central to Hanwha AeroSpace's financial viability is its diverse portfolio that spans not only aerospace components but also includes strategic defense systems such as guided weaponry and surveillance technology. The company capitalizes on long-term contracts with government and private-sector clients worldwide, securing a steady stream of income. This focus on defense-related projects aligns with global trends emphasizing national security enhancements, thereby ensuring consistent demand for Hanwha's offerings. At the heart of its business model lies a commitment to fostering long-term partnerships with leaders in the aerospace industry, an approach that ensures both technological synergies and financial stability. Through this, Hanwha AeroSpace successfully navigates the complex milieu of global aerospace demands, reinforcing its status as a linchpin in the ongoing evolution of air defense technology.
Full-Year Growth: 2025 sales jumped 137% and operating profit rose 75% year-over-year, mainly due to strong Land Systems and Aerospace segments as well as Hanwha Ocean consolidation.
Q4 Mixed Results: Q4 sales increased 73% YoY, but operating profit fell 16% YoY, impacted by product mix, lower-margin domestic sales, and KRW 95 billion in one-off expenses.
Order Backlog: Land Systems order backlog reached KRW 37.2 trillion by end of 2025, securing a delivery pipeline through around 2030.
2026 Outlook: Management reaffirmed annual sales growth guidance of 20–25% CAGR through 2030, with exports expected to drive both revenue and profitability.
Aerospace Momentum: Aerospace segment returned to profit in Q4, with record GTF engine sales and expectations for stronger growth in 2026 due to KF-21 ramp-up.
Chunmoo Success: Chunmoo missile systems are gaining traction globally, with expanded export footprint to Estonia and Norway and a major new Polish contract (KRW 5.6 trillion).
Seasonality Persists: Deliveries and revenue remain subject to customer timing, with management expecting continued second-half weighting in upcoming years.
