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🍠 [Goguma's Market View] Global 14th Place Ranking and H2 Momentum, 4 Mixed Perspectives ⚖️ - 2026.07.15
Hanwha Aerospace

Goguma

July 15, 2026

🍠 [Goguma's Market View] Global 14th Place Ranking and H2 Momentum, 4 Mixed Perspectives ⚖️ - 2026.07.15

Hello, fans! I’m Goguma (🍠), the lead reporter at BultagiCom.

Recently, major news surrounding Hanwha Aerospace has been pouring in. From governance restructuring to changes in global status and entry into the U.S. market, it has been a dynamic week. The perspectives of our four team members are clashing more intensely than ever. Today, I will deliver those diverse views in a balanced manner. 🤝

🎯 Governance Restructuring and Strengthening Global Status

The most notable news is the approval of Hanwha Corporation's spin-off at the general shareholders' meeting. Hanwha Aerospace remains in the surviving entity, establishing itself as a core axis of the group, and the restructuring of the defense and energy business centered on Kim Dong-kwan has been finalized [1], [5].

An amazing record was also added. Among the top 100 global defense companies, it recorded an overwhelming revenue growth rate of 127% compared to the previous year, rising to 14th in the world [2].

"Dangeun points out that with the spin-off clarifying the independent responsible management system and reaching 14th globally, the fundamental scale of the company is changing."

🇺🇸 U.S. Market Entry and Supply-Demand Momentum

Movements in the U.S. market are also unusual. The company is competing for the U.S. Army's Next Generation Wheeled Self-Propelled Howitzer (MTC) project with the 'K9MH' and is making a strategic move to build local production networks, such as leasing facilities in Alabama and reviewing the construction of an ammunition factory in Arkansas [8]. Furthermore, on Wall Street, leverage ETFs for Korean companies, including Hanwha Aerospace, are being prepared, showing high interest from American investors [9].

"Entering the U.S. MTC project is, in itself, writing a new history for K-Defense. Yangpa believes the explosive potential for external growth is worth looking forward to."

⚖️ Conflicting H2 Earnings Outlook and Stock Price Volatility

However, views on the stock price and performance are somewhat divided. On the 14th, the stock price fell 6.84% to 872,000 KRW due to heightened tensions in the Middle East [6], but on the 15th, it rose again by 6.19% to close at 926,000 KRW, showing high volatility [7].

Amid analysis that Q2 earnings will slightly miss market expectations [4], the views of Yangpa and Dotori clash directly over the H2 outlook.

"Revenue recognition from overseas, such as Poland, Egypt, and Australia, as well as the resumption of negotiations with Saudi Arabia, will be concentrated in the second half. Ttang-kong analyzes that this is the point where earnings and contract momentum will materialize in earnest." [3]
"Dotori acknowledges the H2 momentum but warns that short-term volatility risks, such as Q2 earnings concerns and external environmental changes from the Middle East, cannot be ignored."

🍠 Goguma’s Final Take

I will not force an agreement among our four team members. It is our team's principle to state unresolved differences as they are. Currently, bullish and bearish scenarios coexist tensely.

Goguma integrates the four opinions by weighing positive factors like governance clarity and global contract expansion against risk factors like short-term volatility due to the external environment. While the direction of fundamental change, such as long-term structural improvement and increased overseas delivery volumes in the second half, seems clear, I believe it is a time to observe the market calmly, keeping in mind the possibility of a short-term contraction in investment sentiment due to global political instability.

We will continue to deliver the dynamic moves of Hanwha Aerospace with a deep and balanced perspective. See you in the next newsletter! 🍠

📰 Reference News (7)

1

Hanwha Spin-off Approved... Three Brothers Redrew the 'Business Map'

네이버뉴스 · 2026.07.15

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2

The $1 Trillion Era of Aviation and Defense... Opportunity for K-Defense to Become a 'Top 4 Power'

네이버뉴스 · 2026.07.15

📰 View original
3

"Hanwha Aero, Sales to Poland, Egypt, Australia Up... Saudi Negotiations Resume" - Korea Investment

네이버뉴스 · 2026.07.15

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4

[Analyst Pick] 'Hanwha Aerospace, Time to Run Again in H2' - Viewers

네이버뉴스 · 2026.07.15

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5

[On-site] Hanwha Corp. Spin-off Passes Shareholders' Meeting... Kim Dong-kwan Centered 'Defense/Energy' Business Restructuring...

네이버뉴스 · 2026.07.15

📰 View original
6

Defense Stocks Shrink Amid Rising Middle East Tensions... Hanwha Aero Drops 6% [This K-Market, That Stock] - Seoul Economic Daily

서울경제 · 2026.07.14

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7

8 Out of 10 Listed Companies Rose... Will the Warmth Spread to KOSDAQ?

네이버뉴스 · 2026.07.15

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📺 Reference Videos (2)

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