Hanwha Aero, Q2 Sales Reach 9.2929 Trillion Won, Operating Profit Hits 1.3655 Trillion Won

*This content was translated by AI.

Hanwha Aerospace announced on the 31st that its consolidated sales for the second quarter reached 9.2929 trillion won, with operating profit totaling 1.3655 trillion won. This marks the first time quarterly operating profit has exceeded 1 trillion won.

Sales increased by 47% year-on-year, while operating profit rose by 59% compared to the same period last year. By business segment, the ground defense sector recorded sales of 2.1075 trillion won and operating profit of 533 billion won, representing a 19% increase in sales and a 2% rise in operating profit from the previous year.

Domestically, increased volumes for major Yangsan projects such as wheeled anti-aircraft guns Cheonho and Cheonggeom contributed to growth. Internationally, delivery schedules planned for Poland, Egypt, and the Middle East proceeded smoothly, reflecting positively on performance. The inclusion of an additional export deal for Finland's K9 self-propelled howitzer (approximately 940 billion won) in April and a supplementary supply contract for Estonia's Cheonmu multiple rocket launch system in May resulted in a backlog of approximately 38.3 trillion won.

The aerospace sector reported sales of 760 billion won and operating profit of 37 billion won. Driven by increased military supplies, sales grew by 17% compared to the same period last year, while operating profit turned profitable.

A Hanwha Aerospace official, speaking via telephone with this newspaper, stated, "We will continue to deliver solid performance in the second half of the year based on the execution of Poland's K9 second-phase contract volumes for Yangsan and deliveries of K9 systems to Egypt and Australia."

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*This content was translated by AI.