# If Hanwha Aerospace moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/hanwha-aerospace · Facet: ripple · Updated: 2026-10-10T16:08:11.478+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, Hanwha Aerospace is directly linked to 4 companies (1 supply, 1 revenue, 2 investment relationships) and reaches 11 companies within two hops; the links are backed by 14 dated sources, 3 of them primary filings (as of 2026-10-10).

Hanwha Aerospace operates across KOSPI, K-defense & aero-engines, Korea's largest defense prime. After +227.6% in 2025, it corrected -18.8% in 2026. The demand side (avg +10.7%) leads the stock (-18.8%), so customer moves come first here. Through Hanwha Systems and Hanwha Ocean it spans defense, aerospace and shipbuilding.

## Demand chain (leading)
- T1 RTX (https://valuechain.wiki/rtx.md)
- T2 Airbus (https://valuechain.wiki/airbus.md)
- T3 Eutelsat Group (https://valuechain.wiki/eutelsat.md)
- T3 Voyager Technologies (https://valuechain.wiki/voyager-technologies.md)
- T3 Delta Air Lines (https://valuechain.wiki/delta-air-lines.md)
- T3 United Airlines Holdings, Inc. (https://valuechain.wiki/united-airlines-holdings.md)
- T2 Boeing (https://valuechain.wiki/boeing.md)
- T3 SES S.A. (https://valuechain.wiki/ses.md)
- T3 Viasat (https://valuechain.wiki/viasat.md)
- T3 United Parcel Service, Inc. (https://valuechain.wiki/united-parcel-service.md)
- T3 FedEx (https://valuechain.wiki/fedex.md)
- T2 Leonardo S.p.A. (https://valuechain.wiki/leonardo.md)
- T2 Textron (https://valuechain.wiki/textron.md)

## Supply chain (benefiting)
- T1 Hanwha Ocean (https://valuechain.wiki/hanwha-ocean.md)
- T2 POSCO Holdings (https://valuechain.wiki/posco-holdings.md)
- T3 POSCO Future M (https://valuechain.wiki/posco-future-m.md)
- T2 HD Hyundai Heavy Industries (https://valuechain.wiki/hd-hyundai-heavy-industries.md)
- T3 HD Korea Shipbuilding & Offshore Engineering (https://valuechain.wiki/hd-korea-shipbuilding-offshore-engineering.md)
- T1 Hanwha Systems (https://valuechain.wiki/hanwha-systems.md)
- T1 Hyundai Wia (https://valuechain.wiki/hyundai-wia.md)
- T2 Hyundai Motor Company (https://valuechain.wiki/hyundai-motor-company.md)
- T3 Kia (https://valuechain.wiki/kia.md)
- T3 onsemi (https://valuechain.wiki/onsemi.md)
- T3 SK Innovation (SK On) (https://valuechain.wiki/sk-innovation.md)
- T3 LG Energy Solution (https://valuechain.wiki/lg-energy-solution.md)
- T3 CATL (https://valuechain.wiki/catl.md)
- T3 NVIDIA (https://valuechain.wiki/nvidia.md)
- T3 Samsung Electronics (https://valuechain.wiki/samsung-electronics.md)
- T3 PPG Industries (https://valuechain.wiki/ppg-industries.md)
- T3 Hyundai Rotem Company (https://valuechain.wiki/hyundai-rotem-company.md)

---
Full node: https://valuechain.wiki/hanwha-aerospace.md · JSON: https://valuechain.wiki/hanwha-aerospace.json