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Hanwha Aerospace signs supply contract worth won 366 billion with GE


Hanwha Aerospace signs supply contract worth won 366 billion with GE
ANI |
Updated: May 26, 2021 09:47 IST
Seoul [South Korea], May 26 (ANI/Global Economic): Hanwha Aerospace announced on Tuesday that it has signed a contract to supply aircraft engine parts for approximately USD 320 million (about 360 billion won) with GE, an aircraft engine manufacturer.
Through this contract, Hanwha Aerospace plans to supply a total of 72 engine parts for civil and military use, including GE s flagship engines GEnx, GE90 and LM2500, from 2023 to 2026.
An official from Hanwha Aerospace said, We have been recognized as a strategic partner of GE as well as a manufacturer specializing in aviation engine parts the technology and quality that we have accumulated over the past 40 years. ....

Soult Ukpyolsi , South Korea , United States , United Kingdom , Hanwha Aerospace , International Joint Development Project , Global Economic , United Kingdom Rolls Royce , தெற்கு கொரியா , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , ஹன்வா விண்வெளி , உலகளாவிய பொருளாதார , ஒன்றுபட்டது கிஂக்டம் சுருள்கள் ராய்ஸ் ,

Hanwha Aerospace Stock Rallies on GE Deal, U.S.-South Korea Missile Agreement


Provided by
Dow Jones
By Kwanwoo Jun
Hanwha Aerospace Co. s shares rallied Tuesday after the South Korean company struck a $322.3 million deal to supply engine parts to General Electric Co.
The defense and aircraft-engine company s stock closed 13% higher at 48,950 won ($43.57), notching its biggest daily percentage gain since June 17, 2020.
Hanwha Aerospace said in a regulatory filing that it has signed a letter of intent to supply aircraft-engine parts to GE from 2023 to 2026.
The rally was also driven by the U.S. and South Korea agreeing over the weekend to lift Washington s restrictions on Seoul s missile development, IBK Securities analyst Lee Sang-hyun says. ....

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