KenkoAero, 3 Consecutive Years of Record-Breaking Sales... "Approaching the 100 Billion Won Sales Era"

Kenkorea Aerospace has set a new sales record for the third consecutive year, moving one step closer to surpassing 100 billion KRW in annual sales.

On the 22nd, Kenkorea Aerospace announced that its consolidated sales last year reached 91.1 billion KRW, a 20.15% increase compared to the same period the previous year. This is the largest sales figure since the company's founding. Operating profit for the same period was 800 million KRW, maintaining a positive earnings trend.

The double-digit sales growth was driven by the full reflection of existing order volumes into sales. Additionally, the expansion of global aerospace projects, including the U.S. aerospace defense business, significantly contributed to increased participation in new projects.

A company representative stated, "2023 was a year of not only growth but also active negotiations for new business orders," adding, "Based on this, we plan to continue the global defense sector order rally this year."

The outlook for this year's performance is also bright. With a balanced business portfolio including domestic and international defense and aircraft exports, the results of new projects ordered and developed last year are expected. Therefore, surpassing 100 billion KRW in annual sales for the first time since the company's founding is anticipated to be achievable.

As the U.S. and various European countries significantly increase their defense budgets, benefiting the domestic defense industry, Kenkorea's defense business orders are also expected to expand.

A company representative explained, "Based on over 10 years of accumulated know-how and technological expertise in aircraft manufacturing, we have secured competitiveness in the global defense and aerospace markets and achieved strong performance," adding, "Currently, discussions on new projects with global top-tier clients are actively underway, so this year we will focus not only on performance growth but also on enhancing corporate value."