Nuri, a Korean launch vehicle built with our country's technology, heads towards space once again on the 21st.

With high hopes for success as the economic ripple effect is estimated at approximately 3 trillion won, industry sources reveal that around 300 domestic companies participated in the development of about 30,000 parts for the Nuri rocket, which is scheduled for its second launch.

One of the leading defense companies that participated in the Nuriho project is Hanwha Aerospace.

Hanwha Aerospace supplied a total of six engines used in the Nuri rocket, becoming the seventh in the world to achieve the record of developing and producing 75-ton class engines. The Nuri rocket is equipped with a first stage rocket that combines four 75-ton class liquid engines to produce 300-ton class thrust, a second stage with one 75-ton class liquid engine, and a third stage with one 7-ton class liquid engine.

In addition, Hanwha Aerospace developed Nuri's rocket flight control and attitude control systems, as well as engine supply system valves.

Hanwha Aerospace expressed its ambition to lead and grow the 'UAM power train' business in the aerospace engine and propulsion sectors, including this Nuri rocket.

Last January, the company won the 'Development of Lightweight Technology for UAM Fuel Cells' project organized by the Ministry of Trade, Industry and Energy and the Korea Institute of Energy Technology Evaluation and Planning, and began developing a hydrogen fuel cell system for UAM.

In addition, Hanwha Aerospace added that it will concentrate its capabilities on becoming a leading company in future mobility technology, based on its technological prowess as a specialized aerospace engine company.

In particular, Hanwha Aerospace is embarking on a joint investment with Hanwha Systems with the goal of flying an unmanned UAM prototype in the third quarter of next year.

Hanwha Aerospace announced on the 14th that it disclosed the acquisition of convertible notes issued by Overair, a leading UAM company based in Santa Ana, California, in collaboration with Hanwha Systems, as part of its participation in a Series B investment round totaling $115 million (approximately 147.9 billion KRW).

Overair has been selected as a participant in NASA's UAM demonstration test and is currently involved in UAM route design, traffic management systems, infrastructure development, and information exchange activities.

Overair announced that it has selected Hanwha Aerospace and Hanwha Systems as commercialization partners, stating that the technologies possessed by both companies, such as navigation sensors, radar, and powertrains, are creating synergy across all areas of UAM development.

Hanwha Aerospace[Company Name] is developing a 'battery-based electric propulsion system' that serves as the engine for UAM aircraft with Overair. In addition, [Company Name] plans to cooperate in the development and supply of a 'future hybrid electric propulsion system' that combines gas turbines or hydrogen fuel cell systems with electric batteries.