Reported 8 months ago
Hanxing disclosed at a financial conference that their high education aircraft, the 'Yongying,' has entered peak production this year. The Ministry of National Defense has allocated a five-year contract for maintenance and logistics support for the 'Yongying' aircraft, with a total amount exceeding 16.2 billion NTD. Hanxing has signed an aircraft maintenance and repair outsourcing contract with the Ministry of National Defense, worth over 4 billion NTD, to secure future operations. Additionally, Hanxing achieved a record-breaking quarterly revenue in the first quarter and saw growth in profits. Their defense sector remains the main revenue contributor, while civil aviation business has shown growth due to the international travel recovery. Hanxing is focusing on profit-making products and advancing composite material technology for future aircraft development opportunities.
Source: YAHOO