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Hanwha Aerospace held a groundbreaking ceremony on April 15, 2024, for a $30 million, 16,530 m2 facility in Changwon, South Korea, to manufacture GE Aerospace F414-GE-400 engines for the KF-21 Boramae aircraft. The factory is expected to be operational by 2025, producing approximately 300 engines annually.
“The company held a groundbreaking ceremony at Changwon on 15 April 2024 to construct a 16,530m2 facility at $30 million.”turdef.com
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