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South Korea launches 42.9 billion won project to localize aircraft engine materials and parts

2 hours ago

AI summary

The Korea AeroSpace Administration (KASA) has initiated a large-scale R&D project to localize key materials and parts for aircraft gas turbine engines. The project, with a total budget of 42.9 billion won (29.7 billion won from the government), will run from April 2025 to December 2030. It aims to develop five types of lightweight and heat-resistant materials and four types of core parts, involving Hanwha Aerospace as the lead organization, along with eight companies and 11 universities and research institutes.

Key facts

  • The Korea AeroSpace Administration (KASA) has launched a large-scale R&D project to domesticate key materials and parts for aircraft gas turbine engines.Confirmed by multiple sources · ZDNet Korea, 전자신문
  • The total budget for the project is 42.9 billion KRW (29.7 billion KRW from the government), with a development period from April 2024 to December 2030.Reported by a single source · ZDNet Korea
  • The project aims to develop five types of high-strength, lightweight, and heat-resistant materials and four types of core parts for aircraft engine structures.Reported by a single source · 전자신문
  • Hanwha Aerospace serves as the leading organization, with eight companies (including SeAH Aerospace & Defense Materials) and 11 universities/research institutes participating.Reported by a single source · ZDNet Korea
  • The project is divided into three detailed tasks, with specific material and part targets for each, such as aluminum alloys and heat-resistant steel for the first two tasks.Reported by a single source · ZDNet Korea
  • The KASA held a kickoff meeting for the project on January 16, 2025 at the KB Innium in Sacheon, Gyeongsangnam-do.Reported by a single source · 전자신문

Timeline

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