ASTK is a leading South Korean aerospace company specializing in aircraft design, manufacturing, and assembly of aircraft components. The company focuses on the production of core aircraft parts like stringers, precision components, and fuselage design. Through its subsidiary, ASTG, it has expanded its business into aircraft fuselage manufacturing and assembly, aiming to become a global aerospace enterprise. It produces components for various aircraft, including commercial airliners, cargo planes, and specially modified aircraft.ASTKisaleadingSouthKoreanaerospacecompanyspecializinginaircraftdesign,manufacturing,andassemblyofaircraftcomponents.Thecompanyfocusesontheproductionofcoreaircraftpartslikestringers,precisioncomponents,andfuselagedesign.Throughitssubsidiary,ASTG,ithasexpandeditsbusinessintoaircraftfuselagemanufacturingandassembly,aimingtobecomeaglobalaerospaceenterprise.Itproducescomponentsforvariousaircraft,includingcommercialairliners,cargoplanes,andspeciallymodifiedaircraft.
Key Products/TechnologiesKeyProducts/Technologies
Development and production capabilities for core aircraft components, specifically stringers. Stringers are essential structural elements of aircraft fuselages, supplied to Boeing B737, B747, and B757 aircraft.Developmentandproductioncapabilitiesforcoreaircraftcomponents,specificallystringers.Stringersareessentialstructuralelementsofaircraftfuselages,suppliedtoBoeingB737,B747,andB757aircraft.
Advanced technology in aircraft precision parts and fuselage design. Sole supplier of Section 48 (rear fuselage) for the B737 and bulkheads (structural partitions) that maintain aircraft rigidity.Advancedtechnologyinaircraftprecisionpartsandfuselagedesign.SolesupplierofSection48(rearfuselage)fortheB737andbulkheads(structuralpartitions)thatmaintainaircraftrigidity.
Expertise in aircraft fuselage manufacturing and assembly. Enhanced production capabilities through the merger with its subsidiary, ASTG, focusing on commercial aircraft fuselage manufacturing and modification.Expertiseinaircraftfuselagemanufacturingandassembly.Enhancedproductioncapabilitiesthroughthemergerwithitssubsidiary,ASTG,focusingoncommercialaircraftfuselagemanufacturingandmodification.
Participation in aircraft modification projects and manufacturing of related structures. Development and supply of Main Deck Cargo Doors (MDCD) and associated structures for Passenger-to-Freighter (P2F) conversion programs.Participationinaircraftmodificationprojectsandmanufacturingofrelatedstructures.DevelopmentandsupplyofMainDeckCargoDoors(MDCD)andassociatedstructuresforPassenger-to-Freighter(P2F)conversionprograms.
Acquisition of large-scale precision measurement and machining technologies, along with ultra-precision jig and fixture design and manufacturing capabilities. These technologies are crucial for the flawless production of complex and precise aircraft components.Acquisitionoflarge-scaleprecisionmeasurementandmachiningtechnologies,alongwithultra-precisionjigandfixturedesignandmanufacturingcapabilities.Thesetechnologiesarecrucialfortheflawlessproductionofcomplexandpreciseaircraftcomponents.
Acquisition of Risk and Revenue Sharing Program (RSP) rights for Embraer's E-Jet E2 fuselage production, involving technology transfer and participation in development. This enables revenue generation across the entire business lifecycle, from development to mass production and aftermarket services, beyond mere subcontracted manufacturing.AcquisitionofRiskandRevenueSharingProgram(RSP)rightsforEmbraer'sE-JetE2fuselageproduction,involvingtechnologytransferandparticipationindevelopment.Thisenablesrevenuegenerationacrosstheentirebusinesslifecycle,fromdevelopmenttomassproductionandaftermarketservices,beyondmeresubcontractedmanufacturing.
Core AdvantagesCoreAdvantages
Strong network and recognized technological prowess with global aircraft manufacturers. Positioned as the only domestic Tier 1 component manufacturer supplying to major global aircraft OEMs including Boeing, Spirit AeroSystems, Embraer, and Airbus.Strongnetworkandrecognizedtechnologicalprowesswithglobalaircraftmanufacturers.PositionedastheonlydomesticTier1componentmanufacturersupplyingtomajorglobalaircraftOEMsincludingBoeing,SpiritAeroSystems,Embraer,andAirbus.
Comprehensive aircraft structural manufacturing capabilities, encompassing advanced design and production technologies. Possesses the ability to produce, assemble, install systems, and perform large-scale precision machining for aircraft fuselage structural components in an integrated manner.Comprehensiveaircraftstructuralmanufacturingcapabilities,encompassingadvanceddesignandproductiontechnologies.Possessestheabilitytoproduce,assemble,installsystems,andperformlarge-scaleprecisionmachiningforaircraftfuselagestructuralcomponentsinanintegratedmanner.
Rigorous quality control and application of the latest manufacturing technologies. Achieved 99.8% excellent quality rating through Boeing process certification and Airbus SAS approval.Rigorousqualitycontrolandapplicationofthelatestmanufacturingtechnologies.Achieved99.8%excellentqualityratingthroughBoeingprocesscertificationandAirbusSASapproval.
Prominence in the rapidly growing aircraft modification market. Manufactures and supplies Main Deck Cargo Doors (MDCD) and related structures essential for converting passenger aircraft into freighters.Prominenceintherapidlygrowingaircraftmodificationmarket.ManufacturesandsuppliesMainDeckCargoDoors(MDCD)andrelatedstructuresessentialforconvertingpassengeraircraftintofreighters.
Stable order backlog and long-term contract structures. Secured an order backlog of approximately $2.91 billion (KRW 3.9 trillion) as of the first half of 2024.Stableorderbacklogandlong-termcontractstructures.Securedanorderbacklogofapproximately$2.91billion(KRW3.9trillion)asofthefirsthalfof2024.
Expansion of business scope through the acquisition of civil aircraft design technology. Possesses the capability to participate directly in aircraft technology development, moving beyond simple component supply.Expansionofbusinessscopethroughtheacquisitionofcivilaircraftdesigntechnology.Possessesthecapabilitytoparticipatedirectlyinaircrafttechnologydevelopment,movingbeyondsimplecomponentsupply.
Aircraft Maintenance, Repair, and Overhaul (MRO) IndustryAircraftMaintenance,Repair,andOverhaul(MRO)Industry
Defense Industry (military aircraft component supply)DefenseIndustry(militaryaircraftcomponentsupply)
Major MarketsMajorMarkets
SingaporeSingapore
United States (Boeing, Spirit AeroSystems, etc.)UnitedStates(Boeing,SpiritAeroSystems,etc.)
Brazil (Embraer)Brazil(Embraer)
Certifications/PatentsCertifications/Patents
AS9100 certification.AS9100certification.
Boeing process certification and Airbus SAS approval.BoeingprocesscertificationandAirbusSASapproval.
New project development and technology capability enhancement through its corporate research institute.Newprojectdevelopmentandtechnologycapabilityenhancementthroughitscorporateresearchinstitute.
Recipient of the 'Spirit Platinum Supplier' award from Spirit AeroSystems in 2012 and 2014.Recipientofthe'SpiritPlatinumSupplier'awardfromSpiritAeroSystemsin2012and2014.
Selected as a 'World Class 300' company by the Small and Medium Business Administration in 2016.Selectedasa'WorldClass300'companybytheSmallandMediumBusinessAdministrationin2016.
Awarded the 'Ten Million Dollar Export Tower' in 2009.Awardedthe'TenMillionDollarExportTower'in2009.
Introduction
Location
23-65 Gongdan 1-ro, Sanam-myeon, Sacheon, Gyeongsangnam-do, South Korea
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Information
23-65 Gongdan 1-ro, Sanam-myeon, Sacheon, Gyeongsangnam-do, South Korea