Hanwha Aerospace Co., Ltd. reported an order backlog of about ₩38.3tn in its ground-defense segment at the end of June, with exports making up 75% of it.
Hanwha Aerospace Co., Ltd. (KRX:012450) earned ₩2.00tn of operating income in the first half of 2026 and still ran negative ₩371bn of cash from operations over the same six months.
Hanwha Aerospace Co., Ltd. (KRX:012450) terminated its ₩454.8bn contract to develop and supply actuators and tilt systems for Vertical Aerospace's VX4 aircraft, effective July 31.
Hanwha Aerospace Co., Ltd. (KRX:012450) confirmed on August 11 that its subsidiary Hanwha Defense USA is reviewing an acquisition of Austal's US business, with price and timing undecided.
HANWHA AEROSPACE CO., LTD. (012450) held an AI training seminar for about 150 supplier employees, Dailian reported Friday.
Teams led by HANWHA AEROSPACE CO., LTD. (012450) and Hyundai Rotem Company (064350) are competing for a Korean missile project, Dailian reported Friday.
Hanwha Aerospace (KRX:012450) presented K9 howitzer modernization concepts to operator nations Wednesday, proposing digital fire-control and drone reconnaissance systems that would extend platform service life by adding 20 years without full platform replacement.
Hanwha Aerospace (KRX:012450) presented digital warfare concepts for the K9 self-propelled howitzer at the K9 User Club in Estonia Wednesday, proposing drone reconnaissance and precision targeting systems that extend the platform's useful life by two decades.
Hanwha Aerospace (012450) confirmed in a Monday filing that it signed an execution contract on August 28 to supply K9 self-propelled howitzers and related equipment to Spain, naming Spanish defense contractor Indra Sistemas S.A.
| Period | 012450 | KOSPI | Difference |
|---|---|---|---|
| 1 week | -8.8% | -1.5% | -7.3% |
| 1 month | +5.1% | +5.2% | -0.1% |
| 3 months | -1.2% | -22.6% | +21.4% |
| 6 months | -20.3% | +31.3% | -51.5% |
| Year to date | +12.1% | +58.7% | -46.6% |
| 1 year | +13.3% | +108.9% | -95.6% |
Closed at 34% of the way from its 52-week low (₩810,000) to its 52-week high (₩1,537,000).
Hanwha Aerospace signed an execution contract on August 28 to export K9 self-propelled howitzers to Spain through Indra Sistemas S.A., converting months of unconfirmed press reports into a signed deal. The filing withholds the contract amount and end date, citing business confidentiality, with release due November 28, 2026; it does confirm the payment structure — a 20% down payment on signing and a further 5% due by December 31, 2026 — and that the deal is a follow-through on rumors the company had declined to confirm in filings dated March 25, April 24 and July 23, 2026. The contract's revenue base for comparison is Hanwha Aerospace's FY2025 consolidated revenue of ₩26.70tn, though no percentage-of-revenue figure is given while the amount itself stays sealed.
Hanwha Aerospace is South Korea's largest defense contractor and the vehicle through which the Hanwha group consolidated most of its military businesses. Its best-known products are the K9 self-propelled howitzer, a 155mm artillery system that has become one of the world's most widely exported, and the Chunmoo multiple rocket launcher, both of which found large European buyers after 2022 as NATO members rebuilt depleted artillery stocks. The company also builds aircraft engines and components, supplying parts to global engine makers, and through its stakes in Hanwha Ocean and Hanwha Systems it reaches into naval shipbuilding and defense electronics. Poland has been its single most important export customer. For a US reader, the nearest comparison is a mid-sized prime contractor with an unusually export-heavy order book: unlike Lockheed Martin or RTX, most of its growth comes from foreign governments rather than its home military, which makes its backlog sensitive to European rearmament budgets and to Korean export financing.
| Sector | Defense | Employees | |
| Market | KOSPI | Founded | |
| Korean name | 한화에어로스페이스 | Head office |
| Symbol | Last Price |
|---|---|
| 079550LIG Defense & Aerospace Co., Ltd. | ₩652,000 -2.0% |
| 064350Hyundai Rotem Company | ₩126,800 +0.3% |
| 272210Hanwha Systems Co., Ltd. | ₩68,800 +1.2% |
| 047810Korea Aerospace Industries, Ltd. | ₩126,500 +1.2% |
| 099320Satrec Initiative Co., Ltd. | ₩70,700 +4.9% |