Hanwha Aerospace

Hanwha Aerospace Co., Ltd., a subsidiary of Hanwha Group, is an aerospace industrial company headquartered in Changwon, South Korea. It was established in 1977 as Samsung Precision. The company is Korea's only gas turbine engine manufacturer, and specializes in the development, production and maintenance of aircraft engines. In 1979, it started the aircraft engine business with gas turbine engine depot maintenance business, providing various gas turbine solutions to Korea and all over the world and by 2016 the company had produced more than 8,000 pieces of equipment.
History.
The company was founded as Samsung Precision in 1977. The company established a precision instrument laboratory in 1978. In technical cooperation with General Electric, it started manufacturing jet engines for Korean aircraft in 1980.
It changed its name to Samsung Aerospace Industries in 1987 and started to make helicopters. The same year, it made the first KF-16 fighter jet in Korea.
It handed over the firm's aircraft business to Korea Aerospace Industries in 1999 and changed its name to Samsung Techwin in 2000.
In 2014, Samsung announced the sale of its holding stake in Samsung Techwin, to South Korean conglomerate Hanwha Group. Hanwha completed the takeover and renamed it as Hanwha Techwin in 2015.
In 2017, Hanwha Techwin has spun off its defense, energy equipment and industrial equipment business units into three subsidiaries, Hanwha Land Systems, Hanwha Power System and Hanwha Precision Machinery .
In 2018, Hanwha Aerospace changed its name from Hanwha Techwin after its security division was spun off into an independent entity.