# If Korea Aerospace Industries moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/kai · Facet: ripple · Updated: 2026-07-12T08:30:39.216216+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, Korea Aerospace Industries is directly linked to 4 companies (2 supply, 2 revenue relationships) and reaches 18 companies within two hops; the links are backed by 11 dated sources, 2 of them primary filings (as of 2026-07-12).

Korea Aerospace Industries operates across South Korea's sole complete-aircraft maker: KF-21, FA-50, and Boeing/Airbus aerostructures. After +217.9% in 2025, it corrected -24.6% in 2026. The supply side (avg +10.1%) has moved harder than the stock (-24.6%). That is the classic bottleneck pattern: supplier volume leverage is being priced before this layer's own margin. Among connected nodes the furthest ahead is Lockheed Martin (+10.6%) and the furthest behind is Boeing (-2.2%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. FY2025 consolidated revenue was about 3.70 trillion won, with an order backlog above 27 trillion won at year-end 2025.

## Demand chain (leading)
- T1 Airbus (https://valuechain.wiki/airbus.md)
- T2 Eutelsat Group (https://valuechain.wiki/eutelsat.md)
- T2 Voyager Technologies (https://valuechain.wiki/voyager-technologies.md)
- T2 Delta Air Lines (https://valuechain.wiki/delta-air-lines.md)
- T3 American Express (https://valuechain.wiki/american-express.md)
- T2 United Airlines Holdings, Inc. (https://valuechain.wiki/united-airlines-holdings.md)
- T3 JPMorgan Chase (https://valuechain.wiki/jpmorgan-chase.md)
- T1 Boeing (https://valuechain.wiki/boeing.md)
- T2 SES S.A. (https://valuechain.wiki/ses.md)
- T2 Viasat (https://valuechain.wiki/viasat.md)
- T2 United Parcel Service, Inc. (https://valuechain.wiki/united-parcel-service.md)
- T3 Amazon (https://valuechain.wiki/amazon.md)
- T3 W. W. Grainger (https://valuechain.wiki/w-w-grainger.md)
- T3 Williams-Sonoma, Inc. (https://valuechain.wiki/williams-sonoma.md)
- T2 FedEx (https://valuechain.wiki/fedex.md)
- T3 AutoZone (https://valuechain.wiki/autozone.md)

## Supply chain (benefiting)
- T1 GE Aerospace (https://valuechain.wiki/ge-aerospace.md)
- T2 Howmet Aerospace (https://valuechain.wiki/howmet-aerospace.md)
- T1 Lockheed Martin (https://valuechain.wiki/lockheed-martin.md)
- T2 Firefly Aerospace (https://valuechain.wiki/firefly-aerospace.md)
- T3 SpaceX (https://valuechain.wiki/spacex.md)
- T3 Northrop Grumman (https://valuechain.wiki/northrop-grumman.md)
- T2 Moog (https://valuechain.wiki/moog.md)
- T2 Kratos Defense (https://valuechain.wiki/kratos.md)
- T3 NVIDIA (https://valuechain.wiki/nvidia.md)
- T3 Karman Holdings (https://valuechain.wiki/karman.md)
- T3 Teledyne Technologies (https://valuechain.wiki/teledyne.md)
- T2 Mercury Systems (https://valuechain.wiki/mercury-systems.md)
- T3 Intel (https://valuechain.wiki/intel.md)
- T2 L3Harris (https://valuechain.wiki/l3harris.md)

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