Hyundai Space and Aircraft

Hyundai Space and Aircraft Co., Ltd.

Native name	현대우주항공
Company type	Public
Industry	Aerospace
Founded	1 March 1994 (1994-03-01)
Defunct	December 2001 (2001-12)
Fate	Merged into Korea Aerospace Industries
Successors	Korea Aerospace Industries
Headquarters	Hyundai Bldg., 140-2, Kye-dong, Chongno-gu, Seoul , South Korea
Key people	Kim Dong-jin
Products	Aircraft Spacecraft
Parent	Hyundai Group

Hyundai Space and Aircraft
Hangul	현대우주항공
Hanja	現代宇宙航空
Revised Romanization	Hyeondae Uju Hanggong
McCune–Reischauer	Hyŏndae Uju Hanggong

Hyundai Space and Aircraft Co., Ltd. (HYSA; Korean: 현대우주항공; Hanja: 現代宇宙航空; RR: Hyeondae Uju Hanggong) was a subsidiary of Hyundai Group's aerospace division established in March 1994. Its main business areas were industrial machinery and plant facilities, industrial robots, manufacturing spacecraft and aircraft and parts, air transport, and auto parts manufacturing and sales. In July 1995, it was designated as a defense contractor by the Ministry of Trade, Industry and Energy (MOTIE).

History

In August 1994, it was selected as the company responsible for the development of the power system of the KOMPSAT (Korean Multi-Purpose Satellite) program.

In July 1995, it was designated as the main defense contractor by the Ministry of Trade, Industry and Energy.

In February 1996, it signed a contract to produce the main wing of the Boeing 717.

In July 1997, it took over the transmission manufacturing business from Hyundai Engineering & Construction.

In 1999, after separating the aircraft business as part of the restructuring, it invested in kind in the Korea Aerospace Industries (KAI).

In December 2001, the corporation was disestablished after transferring the helicopter operation and aircraft parts production business to Korea Aerospace Industries.