Overview

• Net profit rose 79.9% year-on-year to 287.7 billion won in the quarter ended June 30.
• Operating profit more than doubled to 864.4 billion won and revenue climbed to 6.27 trillion won.
• Defense exports, led by the Chunmoo multiple rocket launcher, and equity gains from Hanwha Ocean’s shipbuilding orders underpinned the earnings boost.
• A 24 billion-won agreement with KARI grants Hanwha Aerospace exclusive manufacturing and launch rights for the Nuri rocket through 2032.
• The firm is preparing for a fourth Nuri launch in November and is targeting new defense contracts in Europe and the Middle East.