Hanwha Group: Driving Aerospace Innovation And Defense Excellence In Asia

Aerospace and defense manufacturing activities in Asia have demonstrated substantial growth throughout the past few years. Countries throughout Asia have allocated substantial funds for developing and producing sophisticated aerospace and military technologies because of rising defense expenditures and geopolitical conflicts along with requirements for technology modernization. Public defense budgets in China, India, South Korea and Japan have significantly increased which has resulted in rising requirements for aircraft production along with space systems and innovative defense technologies. The commercial aerospace industry maintains rapid expansion because of developing middle class populations and growing passenger flight needs.