FDH Aero Signs Agreement to Support South Korea’s Aerospace Operations
24 July 2024 - 8:00AM
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 AeroFDH 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.
ContactHeather RosenowVice President, Global
Marketing & Communicationsmediarelations@fdhaero.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d11435f7-e130-4bf1-bd8b-e8356b22bfaf