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Iran has threatened retaliation following the announcement of new US sanctions, which target its already struggling economy. The UAE and China have also weighed in, with the UAE stating the Iran war is entering a new phase and China warning the US of potential counter-retaliation.
Hanwha Aerospace has ended a 454.8 billion won ($319 million) contract with UK-based electric vertical takeoff and landing (eVTOL) aircraft developer Vertical Aerospace. This termination concludes a four-year partnership between the two companies.
Hanwha Aerospace is collaborating with a defense company from the United Arab Emirates to locally produce its K9 self-propelled howitzer. This partnership aims to strengthen the South Korean company's presence in the Middle East defense market.
Officials and the public paid their respects to the victims of a recent explosion at a Hanwha Aerospace facility. The incident prompted an outpouring of grief and tributes for those affected.
Hanwha Aerospace has suspended some production at its Daejeon facility following an explosion that killed five workers and injured two, prompting a joint investigation into the incident.
An explosion and subsequent fire at a Hanwha Aerospace plant in Daejeon, South Korea, resulted in five fatalities and two injuries. The defense minister has pledged assistance in the investigation into the incident at the rocket engine facility.
Hanwha Aerospace is reportedly in discussions with Germany, the UK and other European countries on potential arms deal, accelerating its defense push amid rising military spending in the region.
Hanwha Aerospace has appointed Kim Dong-hyun as the new head of its Australian subsidiary, aiming to accelerate local defense production and supply chain expansion.
Hanwha Aerospace announced it has raised its stake in Korea Aerospace Industries (KAI) to over five percent, signaling deeper strategic cooperation in global exports and defense projects.
Hanwha Aerospace's bid to acquire Poongsan Corporation's ammunition unit, valued at W1.5 trillion, has fallen through, reportedly due to a significant pricing discrepancy between the parties.
Hanwha Aerospace has announced its decision to pull out of the bid to acquire Poongsan's ammunition business, ending its pursuit of the deal.
Hanwha Group has acquired a 4.99 percent stake in Korea Aerospace Industries, Korea’s sole aircraft original equipment manufacturer, strengthening cooperation with the aerospace firm despite ongoing competition. According to a filing with the Financial Supervisory Service on Monday, Hanwha Aerospace and its subsidiaries acquired a combined 4.41 percent stake, while Hanwha Systems purchased an additional 0.58 percent, totaling 4.86 million shares. This is Hanwha’s first investment in KAI since Ha
As Romania debates how much of the European defense funding from the SAFE program will truly strengthen its national economy, Hanwha Aerospace Romania is presenting its strategy for deep localization and technology transfer, with a €1.3 billion plan.
South Korean defense industry giant Hanwha Aerospace has announced a major direct investment package of nearly €100 million to support Estonia's defense industry and technological independence, Delfi reports.
Venture Global has secured a 20-year agreement to supply liquefied natural gas (LNG) to South Korea's Hanwha Aerospace.
Hanwha Aerospace announced it has won a US Army contract to supply prototypes of its K9 self-propelled howitzer. This marks a significant breakthrough for the Korean defense industry in the world's largest defense market.
President Trump's performance at the NATO summit in Ankara left allies united on paper but uncertain in practice, marked by a series of gaffes and a surprise shift on Ukraine. He also unexpectedly switched back to an older Air Force One after safety questions about a new Qatari jet.
Hanwha Aerospace CEO Son Jae-il has been booked by labor authorities following a June 1 explosion at the defense firm’s Daejeon plant that resulted in five fatalities and two injuries.
A deadly explosion at Hanwha Aerospace's Daejeon facility occurred in a building that handled large volumes of volatile solvents and materials for rocket propellants, according to safety reports.
Police have launched a joint inspection of a Hanwha Aerospace factory in Daejeon, South Korea, following a deadly explosion at the facility the previous day that killed one person.
An explosion at a Hanwha Aerospace plant in South Korea resulted in five fatalities and two injuries, prompting an investigation into the incident.
South Korean defense firm Hanwha Aerospace is reportedly pursuing significant arms deals with Germany and the United Kingdom. The company is capitalizing on increased demand for defense equipment in Europe.
South Korean defense firm Hanwha Aerospace announced a partnership with Estonian firm Milrem Robotics to develop unmanned ground vehicles for Romania, aiming to expand its European defense business.
Hanwha Aerospace has signed a memorandum of understanding with Canada's Automotive Parts Manufacturers’ Association and Hanwha Ocean to collaborate on the production of military and special-purpose vehicles in Ontario.
Finland has signed an agreement with South Korea to export K9 self-propelled howitzers from Hanwha Aerospace in a deal worth 546 million euros ($637 million).
South Korea's Hanwha Aerospace is reportedly looking to acquire the ammunition division of Poongsan, aiming to expand its control over defense manufacturing.
Hanwha Aerospace has expanded its plant in Australia and commenced the production of the Redback Infantry Fighting Vehicle (IFV), marking a significant step in its defense manufacturing capabilities in the region.
A €100 million investment in Estonia's defense industry announced by the South Korean defense company Hanwha Aerospace remains an offer, with negotiations ongoing, and is expected to satisfy the needs of the Estonian Defense Forces (EDF) as well as cooperation agreements signed with local companies.
The sector's gains were a sharp contrast to the wider Kospi, which was down 2% and is currently leading Asian losses.
South Korean conglomerate Hanwha Aerospace has made an offer to acquire the American business of Austal, a company that supplies ships to the US Navy and Coast Guard, signaling a push into the US defense sector.
Police officials in South Korea suggest that last month's deadly explosion at a Hanwha Aerospace facility in Daejeon likely occurred while cleaning a washing machine that may have contained explosive waste residue.
The first funeral has been held for one of five victims killed in a deadly factory explosion at Hanwha Aerospace in Daejeon, South Korea, following the incident earlier in the week.
Hanwha Aerospace has suspended operations at all its plants nationwide following a deadly explosion. The company is investigating the incident and assessing its impact on production.
An explosion at a Hanwha Aerospace plant in South Korea has resulted in five deaths and two injuries. The defense minister has pledged assistance in the investigation, and political parties have scaled back campaigning in response to the tragedy.
An explosion at a Hanwha Aerospace facility in Daejeon, South Korea, has resulted in the deaths of five individuals. Authorities are investigating the cause of the fatal incident.
Swedish defense officials visited Hanwha Aerospace's production facilities in South Korea, as Nordic countries show increasing interest in the K9 howitzer and defense cooperation with the Korean giant.
Estonia has finalized a deal to purchase three additional Chunmoo multiple rocket launchers from South Korea's Hanwha Aerospace. This acquisition further strengthens Estonia's defense capabilities.
The US government and Pentagon have announced the abolition of mandatory flu vaccination for soldiers. This decision reverses a previous policy requiring service members to receive the influenza vaccine.
Hanwha Aerospace Co., a South Korean defense systems manufacturer, announced it has halted its review of acquiring the ammunition business of Poongsan Corp.
Hanwha Aerospace Romania has announced a significant EUR 1.3 billion investment package aimed at bolstering the country's defense sector.
South Korean game developer Krafton and Hanwha Aerospace have signed a memorandum of understanding to jointly develop physical artificial intelligence technology and establish a joint venture for its commercialization.
South Korean defense industry giant Hanwha Aerospace announced a significant direct investment of nearly 100 million euros to support Estonia's defense industry and technological independence.
Hanwha Aerospace is expanding into the LNG distribution business after securing a 20-year purchase deal in the United States.