SEC Secures Additional Order from Hanwha Aerospace... Defense Order Backlog Reaches Twice Last Year’s Defense Sales

SEC, a company specializing in electron beam-based inspection and accelerator technology, has secured an additional defense supply contract from Hanwha Aerospace, continuing its momentum in expanding its defense business.

On June 9, SEC announced that it had signed a contract with Hanwha Aerospace to supply defense inspection equipment worth approximately 4.23 billion won.

This contract follows an earlier defense inspection equipment supply agreement worth about 9.3 billion won signed in May. By securing consecutive orders from the same client, the company is being recognized for once again proving both its technological competitiveness and supply stability in the defense sector.

SEC is a company that has independently developed and commercialized linear accelerator (LINAC)-based non-destructive inspection systems in Korea. LINAC systems use higher energy than general industrial X-ray equipment to inspect the interior of large structures such as rocket propellants, warheads, and shells in a non-destructive manner. They are used as core quality control equipment in the defense sector, where high reliability is required.

Recently, as domestic defense exports have increased and the development of advanced weapon systems has become more active, demand for high-energy X-ray-based inspection equipment is also on the rise. As quality control standards in defense are being strengthened, the importance of such inspection equipment is also growing.

The growth of SEC's defense business is also reflected in its order backlog. As of the first quarter of this year, the company’s order backlog for defense LINACs stood at approximately 13.3 billion won. With the addition of the 9.3 billion won contract signed with Hanwha Aerospace in May and this latest 4.23 billion won contract, the defense LINAC order backlog is expected to expand to about 26.8 billion won.

This figure is roughly double the company’s defense sales of 13.5 billion won last year. Industry analysts note that even with the existing order backlog alone, the company’s performance stability and growth visibility have significantly improved.

The securities industry is also paying attention to the growth potential of the defense business. Recent reports published by NH Investment & Securities, Yuanta Securities, and Daishin Securities forecast continued growth in demand for LINAC-based inspection equipment alongside the expansion of domestic defense exports. In particular, the record of supplying to major defense companies such as Hanwha Aerospace is evaluated as a foundation for additional order growth in the future.

An SEC representative stated, "This contract is significant in that it represents a repeat large-scale order from an existing client," and added, "Building on our accumulated LINAC technology and experience in defense supply, we plan to actively pursue additional orders in both domestic and international defense markets."

Meanwhile, SEC is fostering semiconductors, batteries, and defense as its core growth pillars. In particular, the defense LINAC business, characterized by high technological entry barriers and high-value equipment, has established itself as a key business driving the company’s mid- to long-term growth.

This latest order is seen as evidence that SEC is securing a stable growth foundation in the defense LINAC sector, based on its technological capabilities and supply reliability.

This content was produced with the assistance of AI translation services.