{"id":113678,"date":"2026-08-09T12:14:11","date_gmt":"2026-08-09T12:14:11","guid":{"rendered":"https:\/\/www.europesays.com\/korea\/113678\/"},"modified":"2026-08-09T12:14:11","modified_gmt":"2026-08-09T12:14:11","slug":"k-defense-industrys-four-major-firms-post-record-combined-operating-profit-of-1-7-trillion-won","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/korea\/113678\/","title":{"rendered":"K-defense industry\u2019s four major firms post record combined operating profit of 1.7 trillion won"},"content":{"rendered":"<p>            <img decoding=\"async\" src=\"https:\/\/www.europesays.com\/korea\/wp-content\/uploads\/2026\/08\/20260807_01110113000003_M00.jpg\" orgwidth=\"500\" orgheight=\"150\" alt=\"\uc0ac\uc9c4\uc124\uba85\"\/>                      \uc0ac\uc9c4 \ud655\ub300<br \/>\nThe combined operating profit of the four major domestic defense companies in the second quarter hit an all-time high. However, Hanwha Aerospace accounted for much of the earnings growth, while weak new orders are seen as a potential headwind.<\/p>\n<p>LIG Defense &amp; Aerospace said in a regulatory filing on the 6th that its second-quarter sales reached 1.1101 trillion won and operating profit came to 105.7 billion won. That was up 17.4% and 29.5%, respectively, from a year earlier.\n<\/p>\n<p>Revenue rose in the guided weapons segment, helped by expanded mass production of the Cheongung-II medium-range surface-to-air missile. Other businesses, including airborne electronics and electronic warfare (AEW) and intelligence, surveillance, and reconnaissance (ISR), also grew.\n<\/p>\n<p>When combined with the previously announced results of Hanwha Aerospace, Hyundai Rotem, and Korea Aerospace Industries (KAI), the four companies posted second-quarter operating profit of 1.752 trillion won, up 36.3% from a year earlier. It was the fifth straight quarter in which operating profit exceeded 1 trillion won, and also a record high for any quarter.\n<\/p>\n<p>A closer look, however, shows a mixed picture. Hanwha Aerospace reported sales of 9.2929 trillion won and operating profit of 1.3655 trillion won, up 47.3% and 58.5% from a year earlier, respectively. It was the first time its quarterly operating profit topped 1 trillion won.\n<\/p>\n<p>Hyundai Rotem and KAI saw sales rise, but profitability weakened. Hyundai Rotem&#8217;s revenue increased 13.3% year on year to 1.6061 trillion won, while operating profit fell 9.7% to 232.4 billion won. KAI&#8217;s sales jumped 41% to 1.1679 trillion won, but operating profit plunged 43.1% to 48.4 billion won, far below market expectations.\n<\/p>\n<p>Despite the record results, concerns remain because of sluggish new orders. A notable example is the 60 trillion won submarine project in Canada, which Hanwha Ocean pursued but lost to Thyssenkrupp Marine Systems (TKMS). Hanwha Aerospace also lost out on Romania&#8217;s 5.8 trillion won armored vehicle project to Rheinmetall AG, while KAI and Lockheed Martin withdrew from a U.S. Navy advanced trainer aircraft bid.\n<\/p>\n<p>[Park Seung-ju]\n<\/p>\n<p style=\"font-size: 1.5rem;\">\nThis article has been translated by GripLabs Mingo AI.<\/p>\n","protected":false},"excerpt":{"rendered":"\uc0ac\uc9c4 \ud655\ub300 The combined operating profit of the four major domestic defense companies in the second quarter hit&hellip;\n","protected":false},"author":2,"featured_media":113679,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[58461,355,277,354,5587,613,18242],"class_list":["post-113678","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hanwha-aerospace","tag-guided-weapons","tag-hanwha","tag-hanwha-aerospace","tag-hanwha-group","tag-hyundai-rotem","tag-operating-profit","tag-space"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/113678","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=113678"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/113678\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/113679"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=113678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=113678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=113678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}