, type =

Public In public relations and communication science, publics are groups of individual people, and the public (a.k.a. the general public) is the totality of such groupings. This is a different concept to the sociological concept of the ''Öffentlichkei ...

, traded_as = , industry =

Aerospace Aerospace is a term used to collectively refer to the atmosphere and outer space. Aerospace activity is very diverse, with a multitude of commercial, industrial and military applications. Aerospace engineering consists of aeronautics and astrona ...

, genre = , fate = , predecessor = , successor = , founded = (as Samsung Precision) , founder = , defunct = , hq_location_city = Seongsan,

Changwon Changwon () is the capital city of Gyeongsangnam-do, on the southeast coast of South Korea. With a population of 1.07 million , Changwon is South Korea's ninth-most populous city. A port city, Changwon is bordered by Masan Bay to the south ...

Gyeongsangnam-do South Gyeongsang Province ( ko, 경상남도, translit=Gyeongsangnam-do, ) is a province in the southeast of South Korea. The provincial capital is at Changwon. It is adjacent to the major metropolitan center and port of Busan. The UNESCO World H ...

, hq_location_country =

South Korea South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korea, Korean Peninsula and sharing a Korean Demilitarized Zone, land border with North Korea. Its western border is formed ...

, coordinates = , area_served = , key_people = Hyun-Woo Shin (President) , products = , services = , revenue = 4,215 Billion KRW , revenue_year = 2017 , operating_income = , income_year = , net_income = , net_income_year = , aum = , assets = 5,748 Billion KRW , assets_year = 2017 , equity = , equity_year = , owner = , num_employees = 2,559 , num_employees_year = 2017 , parent =

Hanwha Group , former_name = Korea Explosives Group , type = Public , traded_as = , industry = Conglomorate , founded = , founder = Kim Chong-hee , hq_location_city = Seoul , hq_location_country = South Korea , area_served = Global , key_people = ...

, divisions = , subsid = , homepage
hanwhaaerospace.com
, footnotes = , intl = Hanwha Aerospace Co., Ltd., formerly Hanwha Techwin Co Ltd is a subsidiary of

, is an aerospace industrial company headquartered in

. It was established in 1977 as Samsung Precision. The company is Korea's only gas turbine engine manufacturer, and specializes in the development, production and maintenance of aircraft engines. In 1979, it started the aircraft engine business with gas turbine engine depot maintenance business, providing various gas turbine solutions to Korea and all over the world and by 2016 the company had produced more than 8,000 pieces of equipment.

History

The company was founded as

Samsung The Samsung Group (or simply Samsung) ( ko, 삼성 ) is a South Korean multinational manufacturing conglomerate headquartered in Samsung Town, Seoul, South Korea. It comprises numerous affiliated businesses, most of them united under the ...

Precision in 1977. The company established a precision instrument laboratory in 1978. In technical cooperation with

General Electric General Electric Company (GE) is an American multinational conglomerate founded in 1892, and incorporated in New York state and headquartered in Boston. The company operated in sectors including healthcare, aviation, power, renewable energ ...

, it started manufacturing

jet engine A jet engine is a type of reaction engine discharging a fast-moving jet of heated gas (usually air) that generates thrust by jet propulsion. While this broad definition can include rocket, Pump-jet, water jet, and hybrid propulsion, the term ...

s for Korean aircraft in 1980. It changed its name to Samsung Aerospace Industries in 1987 and started to make helicopters. The same year, it made the first

KF-16 The General Dynamics F-16 Fighting Falcon is a single-engine multirole fighter aircraft originally developed by General Dynamics for the United States Air Force (USAF). Designed as an air superiority day fighter, it evolved into a successf ...

fighter jet in Korea. It handed over the firm's aircraft business to

Korea Aerospace Industries Korea Aerospace Industries (Korean: 한국항공우주산업, Hanja: 韓國航空宇宙産業) (KAI) is a South Korean aerospace and defense company. It was originally established as a joint venture of Samsung Aerospace, Daewoo Heavy Industries' ...

in 1999 and changed its name to Samsung Techwin in 2000. In 2014, Samsung announced the sale of its holding stake in Samsung Techwin, to South Korean conglomerate

. Hanwha completed the takeover and renamed it as Hanwha Techwin in 2015. In 2017, Hanwha Techwin has spun off its defense, energy equipment and industrial equipment business units into three subsidiaries, Hanwha Land Systems, Hanwha Power System and Hanwha Precision Machinery . In 2018, Hanwha Aerospace changed its name from Hanwha Techwin after its security division was spun off into an independent entity.

Segments

The Company operates its business through six segments. The Defense segment manufactures and sells self-propelled artillery, ammunition carriers, and provides comprehensive ground weapon system support. The Aviation Engine segment produces and supplies gas turbine engines and engine parts, and provides engine maintenance services.The Power Systems segment produces and sells compressors and power generation systems. The Security segment manufactures and sells closed circuit televisions (CCTVs), digital video recorders (DVRs) and others.The Industrial Equipment segment produces and sells surface mount technology equipment such as chip mounters and screen printers.The Information Technology (IT) Service segment is engaged in businesses such as design and construction of computer systems, and commissioned operation of computer systems.

Subsidiaries

* Hanwha Land Systems * Hanwha Power Systems * Hanwha Precision Machinery *

Hanwha Techwin Hanwha Techwin (), founded as Samsung Techwin, is a video surveillance company. It is a subsidiary of Hanwha Group. The company employs 1,822 people and is headquartered in South Korea. Its total sales in 2020 were 529.8 billion South Korean won. ...

* Hanwha Systems

References

External links

Hanwha Aerospace Official Website
{{Authority control Hanwha subsidiaries Aerospace companies of South Korea Gas turbine manufacturers Aircraft engine manufacturers of South Korea

History

Segments

Subsidiaries

See also

References

External links