FDH Aero Signs Agreement to Support South Korea’s Aerospace Operations
July 24 2024 - 3:00AM
UK Regulatory
FDH Aero Signs Agreement to Support South Korea’s Aerospace
Operations
Agreement with Sacheon city further
strengthens FDH Aero’s presence in the APAC region and bolsters
Korea’s nascent space industry
First aerospace supplier to sign an MOU with
Sacheon city
COMMERCE, Calif., July 24, 2024 (GLOBE NEWSWIRE)
-- FDH Aero (“FDH”), a global provider of supply chain solutions
for the aerospace and defense industry, announced today that it has
signed a Memorandum of Understanding (MOU) with the southern
coastal city of Sacheon, in South Korea. Sacheon city is home to
the Korea AeroSpace Administration (KASA), which was established
earlier this year to support the Korean government’s ambitious
goals of landings on the moon and Mars within the next two decades
as well as developing private space industries including space
mining and satellite data utilization.
As the first aerospace supplier to form an agreement with
Sacheon city, FDH Aero will play a critical role in promoting and
growing South Korea’s aerospace-related projects. FDH will provide
consulting services such as training seminars, site visits and the
development of joint projects both in the region and across the
globe. The agreement takes effect immediately and will last at
least two years.
“It is our great honor to partner with Sacheon fostering and
developing the growth of South Korea’s ambitious aviation
industry,” said Cody Ho, Managing Director of the APAC region for
FDH Aero. “Our operations in the region have seen tremendous growth
in recent years, and we are committed to leveraging our knowledge
and connections to foster industrial cooperation and establish a
global supply chain for Korea’s aerospace and defense
industry.”
FDH Aero has become a trusted supply-chain solutions partner for
the aerospace, defense and space industries due to the breadth of
its product portfolio, a commitment to hands-on customer service,
and its knowledgeable and industry-connected leadership team. This
partnership will further strengthen FDH’s presence in the APAC
region and create new avenues for collaboration in space.
“Today marks a significant milestone for Sacheon as our
partnership with FDH Aero accelerates the growth of Korea’s space
industry,” said Dae-Woong Jeong, Director General of Sacheon City
Bureau Aerospace Industry. “The expertise of our esteemed partner
will be invaluable to both academic research and business
development. Together, we will pioneer a new future for Korea and
advance our knowledge for the betterment of humanity.”
The Korean government has additionally announced plans to form
joint projects with other space research organizations, including
NASA, and explore the possibility of economic cooperation with
emerging countries that do not yet have formal space programs. It
is hoped that KASA will lead to the creation or further development
of more than 2,000 aerospace companies, the creation of 500,000
quality jobs, and a significant presence in the global market,
estimated at $291 billion (420 trillion won).
About FDH Aero
FDH Aero is a trusted global supply chain solutions partner for
aerospace and defense companies, helping to shape the industry by
simplifying the supply chain. With over 60 years of experience, it
specializes in hardware, electrical, chemical, and consumable
products and value-add services for global OEM and aftermarket
customers. FDH is headquartered in Commerce, California, and has
operations across the Americas, EMEA and APAC. FDH Aero has
locations in 14 countries across the globe, with more than 1,500
best-in-industry employees and over 650,000 square feet of
inventory space.
For more information, please visit FDHAero.com.
Contact
Heather Rosenow
Vice President, Global Marketing & Communications
mediarelations@fdhaero.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d11435f7-e130-4bf1-bd8b-e8356b22bfaf