Hanwha Aerospace (001620) Reports Q4 Net Income Decline

Hanwha Aerospace (001620) reported a 23% year-over-year decline in Q4 net income to KRW 169.7 billion, citing reduced defense spending and lower demand in the commercial aviation segment. The company attributed the drop to geopolitical tensions and economic slowdowns, which constrained orders for military and civil aircraft. Revenue for the quarter totaled KRW 379.1 billion, down 12% from the prior-year period.