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Hanwha Aerospace

Korean defense manufacturer, maker of the K9 Thunder self-propelled howitzer and Redback IFV.

Hanwha Aerospace Co., Ltd. (KRX: 012450) is South Korea's leading land-systems and aero-engine manufacturer, producing the K9 Thunder self-propelled howitzer and Redback infantry fighting vehicle. Originally founded 1977 as Samsung Precision Industry, it absorbed Hanwha Defense in November 2022. Hanwha Group holds approximately 34% of the company. Distinct from the parent Hanwha Group conglomerate and from the separately-listed Hanwha Systems.

Overview

Headquarters
Seoul, South Korea
Founded
1977
Employees
3,704 (2024, may reflect holding entity only)
Total funding
Public (KRX: 012450)
Stage
Public
Status
public
Domains

Founders0

No linked records yet.

Investors0

No linked records yet.

Cap table0

Approximate ownership by holder. Indexed holders link to their records.

No disclosed ownership for this round
HolderInstrumentOwnership

Contracts2

Programs0

No linked records yet.

Frequently asked

What does Hanwha Aerospace do?
Hanwha Aerospace Co., Ltd. (KRX: 012450) is South Korea's leading land-systems and aero-engine manufacturer, producing the K9 Thunder self-propelled howitzer and Redback infantry fighting vehicle. Originally founded 1977 as Samsung Precision Industry, it absorbed Hanwha Defense in November 2022. Hanwha Group holds approximately 34% of the company. Distinct from the parent Hanwha Group conglomerate and from the separately-listed Hanwha Systems.
Where is Hanwha Aerospace headquartered?
Hanwha Aerospace is headquartered in Seoul, South Korea and was founded in 1977.
How much funding has Hanwha Aerospace raised?
Hanwha Aerospace has raised Public (KRX: 012450) in disclosed funding.
Does Hanwha Aerospace hold government contracts?
Defense Tech Atlas links Hanwha Aerospace to 2 government contracts.

Tags

Sources & citations3

Each claim links to its underlying source. Confidence reflects how directly the source supports the claim.

  1. 1

    Hanwha Aerospace: HQ Seoul, founded 1977 as Samsung Precision Industry, absorbed Hanwha Defense November 2022, CEO Son Jae-il, KRX: 012450; Hanwha Group holds a 33.99% stake

    Wikipedia: Hanwha Aerospace
    Reported2026-07-26
  2. 2

    K9 Thunder export contracts to Poland: 2014 ($310M/120 chassis), July 2022 framework (672 K9PL systems), September 2022 (PLN 3.8B/48 Krabs), December 2024 (PLN 9B/96 Krabs through 2029)

    Wikipedia: K9 Thunder
    Reported2026-07-26
  3. 3

    Australia's Land 8116 Phase 1 program: contract awarded December 2021, valued at $788 million, for 30 AS9 Huntsman self-propelled howitzers and 15 AS10 AARVs, produced at the Hanwha Armoured Vehicle Centre of Excellence in Geelong, Victoria

    Army Recognition: Australia's new AS9 Huntsman 155mm howitzer makes first appearance in South Korea for testing phase
    Verified2025-08-27