Hanah Aerodynamics wins KOSDAQ review approval and advances IPO

  • Hanah Aerodynamics received Korea Exchange approval for preliminary KOSDAQ review and will pursue an IPO.
  • Last year, Hanah recorded 33.2 billion Korean won in sales and 2.4 billion Korean won in net profit.
  • Hanah signed a 10-year Sphere Corporation partnership in April, extending through 2036.

Hanah Aerodynamics has secured preliminary KOSDAQ review approval from the Korea Exchange and will proceed with an IPO led by IBK Securities. Established in 1990, the company manufactures aerospace components and structures using materials such as aluminum and titanium, with integrated capabilities spanning aircraft jig design, precision machining and helicopter fuselage assembly. It supplies Bell Textron as a first-tier supplier and is the only domestic company with a record of completely assembling and directly exporting the Bell 412. Hanah has also worked with Korea Aerospace Industries to supply external boarding assist jigs for the KF-21 supersonic fighter. A 10-year strategic partnership and exclusive North American distribution agreement signed with Sphere Corporation in April runs through 2036 and has helped the company enter precision components for space launch vehicles and satellites. Its customers now include Incora, Israel Aerospace Industries and Japan's Subaru. Hanah reported 33.2 billion Korean won in sales and 2.4 billion Korean won in net profit last year, while aircraft jigs accounted for 39.52% of revenue, aircraft assembly 37.41% and aircraft parts 22.45%. The company also received the 7 Million Dollar Export Tower at the 62nd Trade Day. IPO proceeds will fund production infrastructure and new facilities at the Jinju Aerospace National Industrial Complex in Gyeongnam, where Hanah has secured a site and begun executing its investment. CEO Son Changhwan said the company would move ahead with the investment and pursue a role as a high-precision integrated solutions provider serving K-defense and the global aerospace market.

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Hanah Aerodynamics wins KOSDAQ review approval and advances IPO - CoinPost Terminal