Fact Check: Hanwha Aerospace lands KRW 620 billion deal for 40 F414 engines.

Fact Check: "Hanwha Aerospace lands KRW 620 billion deal for 40 F414 engines."

What We Know

On June 26, 2024, Hanwha Aerospace finalized a contract valued at approximately KRW 620 billion (around USD 450 million) with the South Korean Defense Acquisition Program Administration (DAPA) to supply 40 F414 engines for the KF-21 fighter jets. Each KF-21 aircraft is powered by two F414 engines, meaning that a total of 80 engines will be produced to support the full production run of 40 aircraft (source-2, source-4). This contract is part of a larger initiative to enhance South Korea's domestic defense manufacturing capabilities and is linked to the production of the KF-21 Boramae fighter jet, which is expected to be delivered to the Republic of Korea Air Force by 2028 (source-5).

Analysis

The claim that Hanwha Aerospace secured a KRW 620 billion deal for 40 F414 engines is supported by multiple credible sources. The contract details were confirmed by both Hanwha Aerospace and KAI, indicating a high level of reliability in the reporting. The figures provided in the reports are consistent across different news outlets, reinforcing the accuracy of the claim (source-2, source-4, source-5).

The sources used for this fact-check include reputable news organizations and industry reports, which typically maintain high standards for accuracy. They provide detailed information about the contracts, including the scope of work and the expected delivery timelines, which adds to their credibility. Additionally, the involvement of DAPA, a government agency, further substantiates the legitimacy of the contract (source-5, source-8).

Conclusion

The claim that Hanwha Aerospace has landed a KRW 620 billion deal for 40 F414 engines is True. The information is corroborated by multiple reliable sources, confirming the details of the contract and its significance in the context of South Korea's defense capabilities.

Sources

1. KAI and Hanwha Aerospace Sign Contracts for Second Batch of 20 KF-21 ...
2. KAI, Hanwha win deals to build more KF-21 fighters and engines
3. Hanwha, Korea Aerospace Sign $1.65B in KF-21 Contracts for Engines, 20 ...
4. Hanwha Aerospace signs contract to supply engines for KF-21 fighter
5. Hanwha Aerospace secures full-supply engine contract for KF-21 fighter ...
6. Hanwha Aerospace inks 623.2 bln-won deal to supply engines for KF-21 ...