Hanwha Aero Signs MOU for Mutual Growth with Aircraft Engine Manufacturing Partners

*This content was translated by AI.

Hanwha Aerospace has signed a memorandum of understanding (MOU) for mutual growth cooperation with aircraft engine manufacturing partners and other related companies.

On the 9th, Hanwha Aerospace announced plans to foster joint growth with its suppliers and institutional investors, proactively preparing for the government-led development of South Korea's aircraft engines, including 10,000-pound turbofan engines and advanced aircraft engines.

Through this agreement, Hanwha Aerospace will support customized technical and job training for partner companies, research and development (R&D) costs and infrastructure, and improvements in trading environments. Previously, following the "Mutual Growth Declaration Ceremony" held last February, Hanwha Aerospace has been implementing various policies to promote industry-wide growth, including joint R&D through agreements such as the "Materials and Components MOU" in the aircraft engine sector and support for partner companies' expansion into overseas markets.

A Hanwha Aerospace official, speaking by phone with this newspaper, said, "Through mutual growth cooperation, we will do our utmost to develop domestic aircraft engines."

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*This content was translated by AI.