Hana Aerodynamics Receives Preliminary Approval for KOSDAQ Listing

Hana Aerodynamics has received approval for a preliminary review for KOSDAQ listing from the Korea Exchange.

According to Hana Aero on September 2, the funds secured through the listing will be invested in building production infrastructure and making new facility investments within the Jinju Aerospace National Industrial Complex in South Gyeongsang Province. The company has completed contracts for the purchase of land in the Jinju National Industrial Complex and secured additional sites, entering the investment execution phase. With the construction of new facilities, Hana Aerodynamics will pursue advancements in superalloy machining technologies and respond to the growing demand from global OEMs. IBK Investment & Securities is serving as the lead underwriter.

Established in 1990, Hana Aerodynamics is a precision manufacturing company that has built expertise in high-precision aerospace component processing and structural assembly using superalloy materials such as aluminum and titanium. Based on its in-house development and manufacturing capabilities for jigs and tools, the company provides a one-stop solution, covering everything from jig and tool design for aircraft to high-precision processing and final assembly of helicopter fuselages. It is also a key partner for Korea Aerospace Industries (KAI), having signed and delivered mass production contracts for the forward and aft external mounting support jigs (FWD/AFT) of the KF-21 supersonic fighter jet, thereby expanding its order book in both defense and civilian sectors.

Hana Aerodynamics has enhanced its order visibility by securing long-term supply chain management (SCM) arrangements. In April, the company signed a 10-year long-term strategic alliance and exclusive North American distribution agreement with global aerospace SCM company Spear Corporation, which will last until 2036, positioning Hana Aerodynamics as the sole manufacturer of precision parts for space launch vehicles and satellites. At the same time, Hana Aerodynamics built long-term partnerships with global aerospace SCM specialist Incora and secured international customers such as Israel Aerospace Industries (IAI) and Subaru of Japan, diversifying its sales channels as a Tier 1 supplier to global OEMs.

The company has also demonstrated a differentiated profitability structure within the aerospace sector. Last year, it posted annual sales of KRW 33.2 billion and a net profit of KRW 2.4 billion.

Changhwan Son, CEO of Hana Aerodynamics, stated, "This preliminary review approval for the listing recognizes our company's competitiveness, which has been proven through our independent precision machining and assembly technologies and global partnerships." He added, "Taking the KOSDAQ listing as an opportunity, we will smoothly carry out our production infrastructure investments in Jinju National Industrial Complex and aim to become a leading provider of integrated high-precision solutions encompassing both K-defense and global aerospace supply chain management."

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