Son Jae-il

The company manufactures the K9 Thunder self-propelled howitzer — the world's best-selling artillery system — along with the Redback infantry fighting vehicle, multiple launch rocket systems, and aircraft engines. Hanwha Aerospace's international order book has exploded since 2022. Poland signed a framework agreement worth approximately $5.8 billion for K9 howitzers and K239 rocket launchers — the largest Korean defense export deal in history. Australia selected the Redback IFV for its LAND 400 Phase 3 program. Egypt, India, and multiple NATO countries are additional customers or prospects. The company also acquired Daewoo Shipbuilding & Marine Engineering (renamed Hanwha Ocean), adding naval shipbuilding capabilities. The company's aeroengine division manufactures components for GE Aerospace and Pratt & Whitney programs, providing exposure to the commercial aerospace aftermarket cycle. Key stock drivers include Korean and international defense budgets, new export contract wins, K9/Redback production ramp rates, Hanwha Ocean integration and naval order intake, aeroengine aftermarket demand, and the broader trajectory of European and Asian defense spending.