24 stories mentioning KRX:012450Updated 3d ago
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Hanwha Aerospace (KRX:012450) secured a framework contract with an unnamed entity to supply aerospace products, exceeding 2.5% of its most recent annual sales, according to a Monday filing with the Korea Exchange.The company said that the contract is subject to disclosure requirements, and the details of the agreement are withheld due to business confidentiality.
Hanwha Aerospace (KRX:012450) filed for the listing of $500 million 5% senior unsecured bonds due 2029 on the Singapore bourse, according to a filing with the Singapore Exchange on Monday.The bonds will be listed and quoted on the Bonds Market on or about July 28, the aerospace company said.
South Korean shares broke a three-day winning streak to close sharply lower on Friday, amid escalating tensions in the Middle East.The U.S. carried out a 13th straight night of strikes on Iran on Thursday, targeting military sites and commercial establishments, while Yemen's Iran-backed Houthi rebels said they attacked two Saudi oil tankers in the Red Sea. In addition, these escalations led to oil prices climbing above $100 a barrel.The Korea Composite Stock Price Index, or Kospi, decreased by 406.27 points, or 5.7%, to end at 6,690.62. The Kosdaq also fell by 42.06 points, or 5.3%, to close at 748.22.In corporate news, Samsung Electronics' (KRX:005930) decision to award bonuses of over $400,000 to some of its employees has led to labor protests across major firms in South Korea, Bloomberg News reported Friday.Assembly-line workers at automaker Hyundai Motor (KRX:005380) plan to carry out a three-day partial strike next week to demand bonuses of up to 30% of consolidated profit, while unions at HD Hyundai Heavy Industries (KRX:329180) and LG Uplus (KRX:032640) are seeking payouts equal to at least 30% of operating profit, the report said.Employees at Hanwha Aerospace (KRX:012450) and HD Hyundai Electric (KRX:267260) seek bonus limitations removed, while workers at internet giant Kakao Corporation (KRX:035720) are demanding up to 15% of operating profit for bonuses, and technology firm Naver's (KRX:035420) union is establishing a coalition with affiliate unions to boost negotiations, Bloomberg News said.Kakao Corporation could not be reached, while Hyundai Motor, HD Hyundai Heavy Industries, LG Uplus, Hanwha Aerospace, HD Hyundai Electric, and Naver did not immediately respond to' request for comment.Shares of Samsung Electronics fell nearly 8%, those of Hyundai Motor and HD Hyundai Electric declined 7%, while shares of HD Hyundai Heavy Industries fell nearly 3% at market close. Shares of Hanwha Aerospace added over 2%, while shares of Kakao and Naver declined 3% and 6%, respectively.In other news, KB Financial Group (KRX:105560) posted a 3.2% year-over-year decline in profit attributable to owners of the parent to 1.124 trillion won from 1.161 trillion won for the second quarter, according to a Friday filing with the Korea Exchange.Net sales fell 17% to 11.8 trillion won from 14.2 trillion won for the three months ended June 30.Shares of KB Financial slipped 3% at market close.
Samsung Electronics' (KRX:005930) decision to award bonuses of over $400,000 to some of its employees has led to labor protests across major firms in South Korea, Bloomberg News reported Friday.Assembly-line workers at automaker Hyundai Motor (KRX:005380) plan to carry out a three-day partial strike next week to demand bonuses of up to 30% of consolidated profit, while unions at HD Hyundai Heavy Industries (KRX:329180) and LG Uplus (KRX:032640) are seeking payouts equal to at least 30% of operating profit, the report said.Employees at Hanwha Aerospace (KRX:012450) and HD Hyundai Electric (KRX:267260) seek bonus limitations removed, while workers at internet giant Kakao Corporation (KRX:035720) are demanding up to 15% of operating profit for bonuses, and technology firm Naver's (KRX:035420) union is establishing a coalition with affiliate unions to boost negotiations, Bloomberg News said.Kakao Corporation could not be reached while Hyundai Motor, HD Hyundai Heavy Industries, LG Uplus, Hanwha Aerospace, HD Hyundai Electric, and Naver did not immediately respond to' request for comment.Shares of Samsung Electronics fell over 8%, those of Hyundai Motor and HD Hyundai Electric declined over 9% and 7% respectively, while shares of HD Hyundai Heavy Industries fell more than 2% in recent trade. Shares of LG Uplus declined over 1% while those of Hanwha Aerospace added nearly 3%. Shares of Kakao and Naver declined nearly 4% and over 7%, respectively.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Hanwha Aerospace (KRX:012450) said it signed a binding memorandum of understanding with Indra Sistemas and UTE ATP CADENAS to participate in Spain's self-propelled howitzer modernization program, according to a Thursday regulatory filing.The MOU covers product supply, cooperation on localization and local production development, the company said.Hanwha Aerospace said it is discussing the specific terms of a contract and will provide an update when an agreement is signed or within six months, whichever comes first.The filing follows the company's clarification of a March media report that said Hanwha Aerospace signed an MOU with Spain's largest defense company for local production of its K9 self-propelled howitzer.
S&P Global Ratings on Wednesday placed an A- long-term issue rating on Hanwha Aerospace's (KRX:012450) proposed US dollar senior unsecured notes.The notes' rating is equivalent to the Korean company's issuer credit rating, as the parent's sizable earnings amply mitigate possible subordination risks from a high priority debt ratio, S&P said.The company's priority debt ratio hit 57% at the end of March, above S&P's 50% notching threshold.S&P believes the company will gain from the secular growth of global defense spending due to its strong position in land defense systems.However, the company faces risks from a cyclical shipbuilding industry, its heightened investment plans, and execution risks from growth abroad.Shares of the company rose more than 6% in recent trade.
Hanwha Corp. (KRX:000880) on Friday said it plans to invest 55 trillion won in integrated space infrastructure and artificial intelligence sectors by 2040.The company will build infrastructure that will comprise launch vehicles, ultra-low-orbit synthetic aperture radar (SAR) satellites, space-based AI data centers, and a low-Earth orbit (LEO) satellite communications network.Hanwha Aerospace (KRX:012450) will invest about 23 trillion won in launch vehicles, while Hanwha Systems (KRX:272210) will spend 20 trillion won on satellites and communications infrastructure.Shares of Hanwha Corp. rose more than 3% in Monday's trade, while those of Hanwha Aerospace fell nearly 4%. Shares of Hanwha Systems added nearly 4%.
S&P Global Ratings assigned South Korean defense contractor and shipbuilder Hanwha Aerospace (KRX:012450) a long-term issuer credit rating of A- with a stable outlook, according to a Sunday release by the credit rating agency.The stable outlook reflects S&P Global's expectation that Hanwha Aerospace's strong order backlog will drive steady revenue and EBITDA growth over the next two years.In addition, the firm's strong ties with the South Korean government keep it in a strong position to likely receive extraordinary government support, the rating firm said.Hanwha Aerospace's combined domestic and export land systems order backlog increased to 37.2 trillion won last year from 19.9 trillion won in 2022. The order backlog last year can generate about 4.6 years of revenue, the release said.Shares of Hanwha Aerospace fell nearly 1% in Tuesday morning trade.
Hanwha Aerospace (KRX:012450) has an average rating of buy and mean price target of 1,826,500 won, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
S&P Global Ratings assigned South Korean defense contractor and shipbuilder Hanwha Aerospace (KRX:012450) a long-term issuer credit rating of A- with a stable outlook, according to a Monday release.The stable outlook reflects the rating agency's expectation that the company's strong order backlog will drive steady revenue and EBITDA growth over the next two years. In addition, the firm's strong ties with the South Korean government keep it in a strong position to likely receive extraordinary government support ahead.Hanwha Aerospace's combined domestic and export land systems order backlog increased to 37.2 trillion won in 2025 from 19.9 trillion won in 2022. The order backlog in 2025 is equivalent to about 4.6 years of revenue, according to the S&P Global release.
S&P Global Ratings on Monday placed an A- long-term issuer credit rating on South Korea-based Hanwha Aerospace (KRX:012450).The rating agency expects the defense contractor and shipbuilder to gain from the expansion of global defense spending, given its strong position in land systems.The company's EBITDA growth will stem from solid growth in high-margin exports, which picked up following the Russia-Ukraine war and were boosted by orders from several European and Middle East nations.Competitive pricing, fast delivery capacity, tested deployment history, and interoperability with North Atlantic Treaty Organization standards support the company's overseas market advantages, according to S&P.However, the main risks come from a cyclical shipbuilding sector, the company's aggressive investment efforts, and execution risks from offshore expansion.S&P views a moderately high possibility of extraordinary government support for the company due to its crucial role and strong linkages with the Korean government.The outlook is stable, given S&P's belief that the company's solid order backlog will result in stable revenue and EBITDA over the next two years, anchoring higher capital expenditure and investment plans.The company's order backlog increased to 37.2 trillion won, or equivalent to 4.6 years of revenue, last year from 19.9 trillion won in 2022.Material changes in the company's investment plans, profit and cash flow generation, role and link to the government, or business competitiveness could prompt future rating actions.
Hanwha Aerospace (KRX:012450) has an average rating of buy and mean price target of 1,827,894.80 won, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Hanwha Aerospace (KRX:012450) approved an additional stake acquisition in Korea Aerospace Industries for up to 500 billion won, according to a Tuesday filing with the Korean Exchange.The deal will raise the company's stake in Korea Aerospace to 9.97%.The on-exchange acquisition is scheduled to take place from June to December 2026.
South Korean marine engine producer Hanwha Engine (KRX:082740) dismissed media reports that it was considering spinning off its Aftermarket business and acquiring business units from affiliate companies Hanwha Ocean (KRX:042660) and Hanwha Aerospace (KRX:012450).The report published by E-Today that Hanwha Engine planned to spin off its Aftermarket division and acquire the equipment business of Hanwha Ocean and the propulsion-related defense business of Hanwha Aerospace was groundless, Hanwha Engine said in a Wednesday filing with the Korea Exchange.Shares of Hanwha Engine rose over 2% in recent trade, while those of Hanwha Ocean added more than 6%.
South Korean tech and inspection company SEC (KOSDAQ:081180) won an order from Hanwha Aerospace (KRX:012450) to supply the latter with non-destructive testing equipment, according to a Tuesday filing with the Korea Exchange.The contract, worth 4.2 billion won, is valid till Dec. 31, 2027.Shares of Hanwha Aerospace rose nearly 1% in recent trade.
Hanwha Aerospace (KRX:012450) chief executive Son Jae-il has been barred from traveling abroad amid an investigation into the explosion at the defense firm's plant last week, Reuters reported Monday, citing Yonhap News.The explosion and fire left five workers dead and two injured.Meanwhile, the Daejeon Regional Employment and Labor Office booked the chief executive over suspected violations of South Korea's Serious Accidents Punishment Act, ChosunBiz reported.Hanwha Aerospace previously suspended production at nine facilities on June 4 and June 5 to conduct safety inspections and employee training following the incident, according to Reuters.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Hanwha Aerospace (KRX:012450) will suspend production at nine facilities in South Korea on June 4 and June 5 to conduct safety inspections and employee training, Reuters reported Thursday.The temporary shutdown will apply to all production lines except certain critical manufacturing processes, according to the report.The move comes after an explosion and fire at the company's Daejeon plant earlier this week left five workers dead and two injured.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Hanwha Aerospace (KRX:012450) reported a serious industrial accident at its Daejeon facility on June 1, when a fire of unknown cause broke out during a cleaning operation, resulting in five fatalities and two injuries.The company notified the Ministry of Employment and Labor on the same day, and authorities have since issued a partial work stoppage order for the affected area, according to a Korean bourse filing on Tuesday.Police and labor officials are investigating the incident, as the exact cause remains unclear, while Hanwha plans to conduct special safety training across all sites and establish preventive measures.In a separate disclosure, the company said the production suspension affects approximately 1.32 trillion won in annual sales based on 2025 figures, representing 4.94% of the company's consolidated revenue of 26.70 trillion won for the latest fiscal year.Hanwha Aerospace has yet to set a resumption date for production, but plans to conduct site-wide special safety training and establish preventive measures before restarting operations.Meanwhile, Hanwha Aerospace said it is prioritizing treatment and support for the injured while working to prevent any recurrence of such an accident.
Five people were killed, and another was injured in an explosion at Hanwha Aerospace's (KRX:012450) factory in Daejeon on Monday, The Korea Times said in a same-day report.The blast occurred around 10:59 am, triggering a fire that emergency crews worked to put out. Authorities are yet to confirm the exact number of casualties, the report said.Shares of Hanwha Aerospace fell nearly 3% at market close.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Hanwha Aerospace (KRX:012450) is seeking to sign a memorandum of understanding with Canadian spaceport operator Maritime Launch Services to support Canada's domestic rocket launch plans via a commercial spaceport in Nova Scotia, Bloomberg News reported Thursday.Canada, at present, does not have an operational launchpad and launch-vehicle operator, making Canadian satellite firms rely on foreign firms such as SpaceX. Prime Minister Mark Carney's government is seeking to change that by securing a site in Nova Scotia for a commercial spaceport, the report said.In addition, Hanwha Aerospace's parent company Hanwha Corporation (KRX:000880) is competing with Thyssenkrupp Marine Systems for a Canadian submarine contract worth around CA$25 billion, with long-term support and maintenance probably pushing the overall value in the range of CA$100 billion to CA$120 billion, it said.Shares of Hanwha Aerospace fell over 3% in recent trade, while those of Hanwha declined more than 8%.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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