Aerospace Industrial Development Corp. (AIDC) reported a 24% decline in net profit for the second quarter, totaling NT$570 million (US$18 million), as delayed deliveries of high-education aircraft impacted performance. Despite the setback, the company achieved a cumulative net profit of NT$1.37 billion (US$43.3 million) for the first half of the year, reflecting a 6.2% annual increase. The net profit per share for the period was NT$1.46 (US$0.046).
AIDC aims to catch up with its delivery schedule by year-end, expecting to reverse the quarterly profit decline. The company is also setting its sights on the U.S. market, announcing a US$10.3 million (NT$334 million) investment in a new factory in Arizona. This move aligns with the U.S. aerospace and defense industry’s increasing emphasis on domestic supply chain security, a priority that Hanxiang hopes to leverage for securing additional orders.
The company has garnered attention from U.S. military-related industries, including recent visits from the Utah Aerospace and Defense Association and U.S. Assistant Secretary of Defense. AIDC’s completed upgrade of 139 F-16Vs and its production of the Brave Eagle high-education aircraft further underscore its growing capabilities in military aviation.
Beyond its domestic success, AIDC continues to expand its international footprint, particularly in the European engine business, collaborating with major manufacturers like GE and Rolls-Royce. The company plans to enhance its competitiveness by expanding engine casting and forging capabilities, aiming to enter the lucrative engine maintenance and overhaul market.
