Hanwha Systems and Hanwha Aerospace invest KRW 150B in Overair eVTOL developer
Hanwha Systems and Hanwha Aerospace made a KRW 150 billion investment in Overair, a U.S. eVTOL aircraft developer.
Evidence notes
- The investment targeted Overair's electric vertical takeoff and landing aircraft development.
- Hanwha Systems connected the investment to urban air mobility and aerospace systems expansion.
- The funding followed Hanwha's earlier participation in Overair's program.
Company context
Hanwha Systems develops defense electronics, radar, electro-optical systems, C2, communications, satellite, and digital systems for military and aerospace markets.