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Hanwha Aerospace Ends 454.8 Billion Won Parts Supply Deal With VA

Hanwha Aerospace logoHanwha Aerospace
Sig3.45Sen-1.55Env-0.45Soc0.00Gov+0.20
Hanwha Corporation logoHanwha Corporation
Sig2.85Sen-1.25Env0.00Soc0.00Gov+0.35

Hanwha Aerospace mutually agreed to terminate a 454.8 billion won parts development and supply contract with Vertical Aerospace, covering tilting and blade pitch systems and electric actuators for VA’s VX4 eVTOL. The company cited delays in commercializing the global UAM market. The partnership continues via a new memorandum of understanding to pursue future cooperation and mass-production supply.

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