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Samsung Aerospace

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Samsung Aerospace Ind., Ltd.
Native name
삼성항공산업주식회사
FormerlySamsung Precision (1977–1987)
Company typePublic
Industry
Founded1 August 1977; 47 years ago (1977-08-01)
DefunctMarch 2000 (2000-03)
FateCompany name changed to Samsung Techwin after aircraft division merged with Korea Aerospace Industries
Successors
Products
Samsung Aerospace
Hangul
삼성항공
Hanja
三星航空
Revised RomanizationSamseong Hanggong
McCune–ReischauerSamsŏng Hanggong

Samsung Aerospace Ind., Ltd. (SSA; Korean: 삼성항공; Hanja: 三星航空; RR: Samseong Hanggong) was a South Korean aerospace manufacturer.[1]

History

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The company was originally established as Samsung Precision (Korean: 삼성정밀공업; Hanja: 三星精密工業; RR: Samseong Jeongmil Gongeop) on 1 August 1977 with initial capital of ₩1 billion, and began constructing its first factory, a facility of 100,000 square metres (1,100,000 sq ft), in Changwon, South Gyeongsang Province.[2] In its early history the company manufactured a variety of products including cameras and lead frames, but its business came to focus increasingly on aerospace manufacturing, and so it changed its name to Samsung Aerospace Industries in February 1987.[3][4] In 1996, SSA was considering to acquire Dutch aircraft manufacturer Fokker, but the plan was scrapped because of the economic problems emerging in South Korea in the late 90s.[5] The company changed its name to Samsung Techwin in March 2000 after its aircraft division was merged into Korea Aerospace Industries (KAI) along with Daewoo Heavy Industries and Hyundai Space and Aircraft in 1999.[6][7]

Business activity

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Its business activity comprised the production and repair of jet engines, including assembly of the GE J85, CFM56, LM2500 and F404 engines as well as, in cooperation with Pratt & Whitney, the production of the PW 4000.[1] SSA also sold turbine blades for the GE CF6-80C to General Electric,[8] produced stringers for Boeing[9] as well as other components such as wing ribs for various aircraft.[10] They had a joint venture with Sermatech International for services related to the treatment of surfaces for turbine engine components.[11] In 1996 SSA reached an agreement with Bell Helicopter to co-develop the Bell 427.[12] They also cooperated with Central Aerohydrodynamic Institute in the development of composite materials for aircraft.[13] In the early 1990s, SSA provided major assemblies and mate through delivery of F-16 Falcons for the Republic of Korea Air Force from its plant in Sacheon under license to Lockheed Martin. South Korea and the US jointly developed the KAI T-50 Golden Eagle via a joint venture between SSA and Lockheed Martin,[14] originally conceived as the KTX-2.[15][16]

References

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  1. ^ a b Martin, Stephen (1996). The Economics of Offsets: Defence Procurement and Countertrade. Routledge. ISBN 3-7186-5782-1.
  2. ^ "三星정밀공업설립 三星그룹,사장에 姜晋求씨선임" [Samsung Precision Industries established; Samsung Group's Kang Jin-gu to take office as first president]. Maeil Business Newspaper. 4 August 1977. Retrieved 23 September 2018 – via Naver News Library.
  3. ^ Kaslow, F. W. (2012). Handbook of Family Business and Family Business Consultation. New York & Milton Park, Abingdon: Routledge. p. 195. ISBN 978-0-7890-2776-4.
  4. ^ "「三星航空產業」으로 三星精密 상호 변경" [Samsung Precision changes its business name to 'Samsung Aerospace Industries']. Maeil Business Newspaper. 6 February 1987. Retrieved 23 September 2018 – via Naver News Library.
  5. ^ Eriksson, Sören; Steenhuis, Harm-Jan (2016). The Global Commercial Aviation Industry. Routledge. ISBN 978-0-415-81821-6.
  6. ^ Bitzinger, Richard A. Towards a Brave New Arms Industry?. Routledge. p. 50. ISBN 0-19-852835-3.
  7. ^ Kim Seong-taek (28 February 2000). "삼성항공, 삼성테크윈으로 사명 변경". The Korea Economic Daily. Archived from the original on 8 April 2024. Retrieved 8 April 2024.
  8. ^ "SAMSUNG Aerospace Receives Large Order for Jumbo Jet Engine Parts". News. SAMSUNG. Retrieved 22 September 2018.
  9. ^ Andersen, P. A. (2001), Competitive Assessment of the U.S. Large Civil Aircraft Aerostructures Industry, Investigation No. 332-414, Washington DC: U.S. International Trade Commission, p. 6-3
  10. ^ Colby, Heidi M.; Falls, Zachary T.; Lehey, Kathleen S.; McNey, Deborah A. (1998), The Changing Structure of the Global Large Civil Aircraft Industry and Market: Implications for the Competitiveness of the U.S. Industry, Washington DC: U.S. International Trade Commission, pp. 5–17
  11. ^ "Sermatech International forms joint venture with Samsung Aerospace Industries". Aviation Week Network. Retrieved 22 September 2018.
  12. ^ "BELL, SAMSUNG JOINING FORCES TO BUILD A TWIN-ENGINE HELICOPTER". Aviation Week Network. Retrieved 22 September 2018.
  13. ^ Joo, Seung-Hoo; Kwak, Tae-Hwan (2001). Korea in the 21st Century. Huntington, New York: Nova Science Publishers, Inc. p. 208. ISBN 1-56072-990-2.
  14. ^ Bitzinger, Richard A. (2017). Arming Asia: Technonationalism and its Impact on Local Defense Industries. Oxon / New York: Routledge. p. 98. ISBN 978-1-138-89255-2.
  15. ^ "KTX-2 Indigenous Trainer". GlobalSecurity.org. Retrieved 8 October 2018.
  16. ^ "Lockheed Martin, Samsung team on KTX-2 trainer". Aviation Week. Informa. Retrieved 8 October 2018.
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