• Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues


South Korea-Based Hanwha Aerospace Expands Cheshire, Connecticut, Operations

South Korea-based Hanwha Aerospace, an aerospace company serving the global aircraft, communications, and defense industries, plans to expand its operations in Cheshire, Connecticut. The approximately $2 million project is expected to create 40 jobs.

Hanwha will retrofit part of its existing 294,000-square-feet facility, located on 50 acres at 5 McKee Place, to serve as a hub for global operations for the company’s International Engines Business.

“Our decision to establish the International Engines Business Headquarters in Connecticut underscores Hanwha's unwavering commitment to the U.S. market" said Jae-iI Son, CEO and President of Hanwha Aerospace. "Through this strategic move, we will be able to better serve our key customers, expand our customer base, and solidify our position in the aerospace and defense industries. Furthermore, our expansion in Connecticut demonstrates our strong relationship with the state and our intention to strengthen these ties."

Hanwha Aerospace Co., Ltd., a subsidiary of Hanwha Group, is an aerospace industrial company headquartered in Changwon, South Korea. The International Engine Business supplies a range of components to Pratt & Whitney, including containment cases, integrally bladed rotors, hubs and turbine disks found in PW1100Gs, which power Airbus A320neo-family jets, and PW1500Gs, found on A220s.

“The state is here to be a true partner to Hanwha, and there is no greater testimonial for our aerospace industry than their further investment in Connecticut,” noted Alexandra Daum, Commissioner of the Connecticut Department of Economic and Community Development, “We are committed to ensuring that our state remains one of the top aerospace markets in the United States, and Hanwha’s decision underscores what we know to be true: nothing flies without Connecticut.”

“Hanwha has taken a good look at the aerospace assets we have in Connecticut and realized that we have a collaborative academic community, that we produce world-class engineering talent, and that our state leadership is here to work with them to ensure their success," added John Bourdeaux, President & CEO of AdvanceCT. "Connecticut is one of the largest producers of aerospace components in the world, and there are good reasons for this.”

Exclusive Research