Hanwha Aerospace is to establish the headquarters of its international engines business in Cheshire, Connecticut. The division has sites in South Korea, Vietnam and the United States. It has more than 1,600 employees, with over 600 based in the state of Connecticut.

The new headquarters will serve as a hub for global operations, enabling Hanwha to better engage with its valued customers, stakeholders and partners. Hanwha says it will be better positioned with this strategic location to drive improved performance of the company's global supply chain and develop a centre of excellence for the company's engineering and technology investments.

"Our decision to establish the International Engines Business Headquarters in Connecticut underscores Hanwha's unwavering commitment to the U.S. market," says 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 has been in the Connecticut market for years," adds Governor Ned Lamont. "They have found the skilled workforce they need, and they have been successful at expanding their business here. We are thrilled that Hanwha is thriving in Connecticut, and we are thrilled with their decision to further invest in our state again to become an even bigger part of Connecticut's aerospace economy."

Hanwha has made significant investments in the region over the years, fostering a skilled aerospace workforce, improving local manufacturing capabilities, and contributing to sustainable energy initiatives. It has a Technology Lab in the Cheshire facility, dedicated to new applications, and long term partnerships with aerospace OEMs on next-generation engines.

It has invested over $3m in sustainable energy generation and power conservation, including the installation of QCells solar panel to generate 1.8 Megawatts of power.