Hanwha Aerospace Forms Win-Win Partnership with Aircraft Engine Manufacturing Partners

Agreement Signed with 49 Partner Companies and Related Organizations
Support for Technology Development, Job Training, and R&D Costs

Hanwha Aerospace announced on the 9th that it has signed a win-win cooperation memorandum of understanding (MOU) with aircraft engine manufacturing partner companies and related organizations to build an industrial ecosystem for the technological independence of aircraft engines.

On the 8th, representatives from Hanwha Aerospace, aircraft engine manufacturing partners, and related organizations attending the "Aircraft Engine Win-Win Cooperation MOU Signing Ceremony" held at the Changwon Convention Center in Changwon Special City, Gyeongnam, are taking a commemorative photo. Hanwha Aerospace

Hanwha Aerospace plans to proactively prepare for the development of aircraft engines in Korea, as promoted by the government, by working together with partner companies and related institutions for mutual growth. This includes the development of 10,000-pound turbofan engines and advanced aircraft engines.

On the previous day, Hanwha Aerospace held the "Aircraft Engine Win-Win Cooperation MOU Signing Ceremony" at the Changwon Convention Center in Changwon, Gyeongnam. The event was attended by over 100 people, including representatives from 49 key partner companies in the aircraft engine manufacturing sector and related organizations.

Through this agreement, Hanwha Aerospace has decided to provide customized technical and job training for partner companies, support for research and development (R&D) costs and infrastructure, and improve the transaction environment. Previously, following the "Declaration Ceremony for Win-Win Cooperation" held in February, Hanwha Aerospace has implemented various policies for shared growth within the industry, such as conducting joint research and development and supporting partner companies' entry into overseas markets through "Materials and Parts MOUs" in the aircraft engine business.

Kim Joon-tae, Head of Defense Business at Hanwha Aerospace, stated, "For the technological independence of aircraft engines, mutual growth across the entire ecosystem is essential," and added, "We will do our best to develop domestically produced aircraft engines through win-win cooperation."

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