Verified facts grounded in source documentation.
Officials view Hanwha Aerospace's participation as part of a long-term plan to expand private-sector roles in South Korea's space industry.
Hanwha Systems announced plans for a 2,000-satellite LEO constellation expected to come into service in 2025.
Hanwha Aerospace developed core engine and valve parts of KSLV-2, South Korea’s first homemade rocket that had its maiden flight on 2021-10-21.
Hanwha invested $30,000,000 in Kymeta in December 2020.
Hanwha invested $300,000,000 in OneWeb.
Hanwha acquired British antenna startup Phasor Solutions in the year prior to its $300,000,000 investment in OneWeb.
The Hanwha investment brings OneWeb's total investment since emerging from bankruptcy protection in November to $2,700,000,000.
Hanwha Aerospace reported a 2020 net profit of 164.7 billion won on 2021-02-26, representing a 1.4 percent increase from the prior year.
Hanwha Aerospace struck a 109 billion won deal in January to acquire a controlling 30 percent stake in Satrec Initiative by the end of April.
Hanwha Aerospace plans to invest approximately $100,000,000 to purchase 30% of the shares of satellite manufacturer Satrec Initiative, with the plan disclosed on 2021-01-14.