10 trillion in sales after 10 years, top 20 in the world
Targets for industrialization of medium and large satellite exports revealed
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“Many Korean companies have declared that they will enter the urban aviation mobility (UAM) market, but where they have already entered Korea Aerospace (047810)Industry (KAI), there is only one.”
At a press conference held on the subject of’Aerospace Industry Development Direction and Vision’ at COEX in Gangnam-gu, Seoul on the 2nd, KAI CEO Ahn Hyun-ho said, “The core of UAM is flight and many of the underlying technologies for this are already secured by our own capabilities.” He announced that it will develop UAM aircraft by 2029.
President Ahn also expressed his ambition that “10 years later, KAI will be reborn as the first aerospace company leading the Asian market and grow into the world’s top 20 company with 10 trillion won in sales.” The order balance, which is currently worth 18 trillion won, is planned to rise to 25 trillion won by 2025. Regarding the future business, KAI presented a blueprint to promote △ future air mobility △ satellite and space launch vehicles △ aviation defense electronics △ manned and unmanned complex system △ simulation.
On that day, President Ahn said that KAI was the strongest in the domestic aerospace industry and was concentrating on seeking partners. President Ahn said, “There will be various types of UAM in the future, but the current concern is who can present the standard by making it the cheapest and with good quality. “He said. In this regard, KAI plans to develop its own demonstration machine by 2029 by securing additional core technologies related to UAM technology by 2025.
Blueprints related to’New Space (private-led satellite business)’ led by American big tech companies such as SpaceX and Blue Origin were also introduced. President Ahn said that he would respond to the demands of Southeast Asian countries, saying, “We will export medium and large satellites to industrialization.” President Ahn also said, “We will focus on high-value-added service business rather than micro-satellite manufacturing, which is less profitable. We are negotiating mergers and acquisitions or strategic alliances in order to advance into a service that provides satellite image decoding services with base stations. Revealed. KAI plans to complete the related work between May and July and release the results.
KAI plans to maintain stable growth by enhancing competitiveness in the existing main business, military and civilian projects. To this end, the’Korean Fighter Aircraft (KF-X)’ project, which is scheduled to ship prototypes in April, is being carried out without a hitch and is concentrating company-wide capabilities to export light attack aircraft (FA-50).
/ Reporter Seo Jong-gap [email protected]
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