2 publishers · first seen Thu, 29 Oct 2026 04:44 UTC · updated Thu, 29 Oct 2026 14:52 UTC
Hanwha Aerospace reported a net loss of 36.7 billion won ($27.5 million) in the third quarter, reversing a 699 billion won profit from a year earlier, due to delayed weapons deliveries and one-off costs. Operating profit fell 46.2 percent to 452 billion won, and revenue declined 6 percent to 6.09 trillion won.
The company attributed the results to the postponement of K9 self-propelled howitzer deliveries to Poland until the fourth quarter, with some deliveries having been advanced to the second quarter. The ground defense division recorded 1.24 trillion won in revenue and 21.7 billion won in operating profit, while the aerospace division reported 659.9 billion won in revenue and a 2.4 billion won operating loss, linked to increased deliveries of geared turbofan engines under its risk- and revenue-sharing partnership with Pratt & Whitney. Hanwha Aerospace expects earnings to recover in the fourth quarter with planned deliveries to Poland, Egypt, and Australia.
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