|Traded as||KRX: 012450|
1977 (as Samsung Techwin)|
2015 (as Hanwha Techwin)
April 2018 (as Hanwha Aerospace)
|Headquarters||Seongsan, Changwon, Gyeongsangnam-do, South Korea|
|Shin Hyun-Woo (CEO)|
|Revenue||2,947 trillion ₩ (2011)|
|2,615 billion ₩ (2014)|
Number of employees
Hanwha Defense Systems|
Hanwha Aerospace (Korean: 한화에어로스페이스), founded as Samsung Techwin, is an Aerospace company. It is a subsidiary of Hanwha Group. The company employs 4,501 people and is headquartered in South Korea. Its total sales in 2014 were 2,615 billion South Korean won.
The company changed its name to Hanwha Aerospace in April 2018.
The company was founded as Samsung Techwin in 1977. Under Samsung, the company established a precision instrument laboratory in 1978, and started making cameras in 1979. In technical cooperation with General Electric, it started manufacturing jet engines for Korean aircraft in 1980. Manufacture of 155 mm (6.1 in) self-propelled artillery began in 1984.
It changed its name to Samsung Aerospace Industries in 1987 and started to make helicopters. It acquired Rollei, a German camera manufacturer, and Union Optics of Japan, a manufacturer of semiconductor equipment. In 1996 it developed the SB427 helicopter with Bell and began selling digital cameras branded as "Samsung Kenox" in 1997. The same year, it made the first KF-16 fighter jet in Korea.
It handed over the firm's aircraft business to Korea Aerospace Industries in 1999 and changed its name to Samsung Techwin in 2000.
Samsung Techwin directly entered the European and North American closed-circuit television/surveillance market in 2008 under its own name, featuring a line of true day/night cameras and digital video recorders (DVRs). In 2009, the company introduced a new series of digital IP-based cameras and network video recorders.
Samsung Techwin and its bigger sister company Samsung Electronics announced on October 2009 that in 2010 Samsung Electronics CCTV camera division would be unified with Samsung Techwin's CCTV camera division. In recent years both companies appeared on the CCTV market with lineups that shared some technological underpinnings but in many ways differed (including incompatible PTZ control protocols), and in many markets they were direct competitors with overlapping distribution channels. Although some earlier speculation existed in specialty literature that the new company would appear under the name Samsung Security, official announcement stated that the CCTV division from Samsung Electronics will be transferred to Samsung Techwin.
In February 2014, Samsung Techwin presented its new portfolio of IP cameras for vertical markets at the International Security, Safety and Fire Exhibition (SICUR).
On June 29, 2015 Hanwha completed the takeover and renamed it as Hanwha Techwin.
In March 2016, Samsung Techwin America announced it would change its corporate name to Hanwha Techwin America.
- Power Systems: Gas Turbines, Engines for helicopters, Refrigerant Compressors, Overhaul, etc.
- "Company Information - Hanwha Techwin". Retrieved 28 March 2016.
- HANWHA TECHWIN to buy 100 pct stake in Doosan Dst. finance (Report). Reuters. 8 April 2016. Retrieved 9 April 2016.
- "Hanwha Group Launches Hanwha Defense Systems, Enhancing Its Defense Business Portfolio to Leap towards a World's Leading Defense Company". Hanwha. 31 May 2016. Retrieved 1 June 2016.
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- Stock news[permanent dead link] at TradingMarkets.com
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- The Korea Observer. "Hanwha wraps up takeover of four Samsung arms." June 29, 2016. Retrieved Feb 10, 2017.
- Rodney Bosch, Security Sales & Integration. “Samsung Techwin America Is Changing Its Name to Hanwha Techwin America.” March 4, 2016. March 18, 2016.
- "Hanwha Precision Machinery - Hanwha". Hanwha.com.
- "Go to Hanwha Precision Machinery Homepage". 25 September 2017. Archived from the original on 25 September 2017.
- "Hanwha Precision Machinery". www.hanwhaprecisionmachinery.com.