Kencoa Aerospace Corporation

What Kencoa Aerospace Corporation does

Kencoa Aerospace is a South Korean publicly traded (KOSDAQ) aerospace and defense manufacturer operating as a total solution provider across the aerospace value chain. Founded circa 2014 and now in its 13th fiscal period (2026), the company runs seven facilities across South Korea (Sacheon HQ and Plant 1, AIL logistics, Incheon AAM) and the United States (Eastman, GA fabrication; Los Angeles raw materials), with 251–500 employees. Its stated objective is to enter the global top 100 aerospace companies by 2030.

The product portfolio spans six verticals: space components (NASA SLS engine sections, ISS parts, Lockheed Orion); aerostructure manufacturing including Airbus passenger-to-freighter conversion programs; engine parts (Pratt & Whitney, Blue Origin BE-4); defense products and offset trade solutions (F-35, F-22, C-130, KF-21, KUH); MRO services for military and commercial fleets; and emerging Advanced Air Mobility (UAM/drone tourism/cargo drones). Core customers include Boeing, Airbus, Lockheed Martin, Gulfstream, NASA, Blue Origin, SpaceX, Pratt & Whitney, the U.S. Department of Defense, and the Republic of Korea Air Force.

Revenue is generated through long-term build-to-print manufacturing contracts and Tier 1 supply agreements with major OEMs, supplemented by MRO service revenue and raw material distribution through its Aerospace Industry Logistics Center (AIL) and California Metal & Supply subsidiary. The company differentiates via vertical integration from raw materials through finished assemblies and MRO, supported by AS9100, AS9120, Nadcap, ISO45001, and ISO27001 certifications, 20M long-bed machining capability, and a Defense Offset Trade Partner designation with DAPA. Notable commercial milestones include a 260 billion KRW Airbus freighter conversion contract and 120 billion KRW in additional new orders won during the 2020 pandemic.

Name

Kencoa Aerospace Corporation

Legal name

Kencoa Aerospace Co., Ltd. (켄코아에어로스페이스 주식회사)

Website

https://kencoa.com

Company type

Public

Founded year

2014

Operating status

Operating

Headcount range

101–250 employees

Short description

Kencoa Aerospace is a South Korean KOSDAQ-listed aerospace and defense manufacturer supplying build-to-print parts, aerostructures, engine components, MRO, and space hardware to primes including Boeing, Airbus, Lockheed Martin, NASA, and the US and Korean militaries.

Ownership category

akta.pro rank

Product category

Aerospace Manufacturing

NAICS

Aircraft Manufacturing (336411), Other Aircraft Parts and Auxiliary Equipment Manufacturing (336413), Aerospace Product and Parts Manufacturing (3364)

SIC

Aircraft & Parts (3720), Aircraft Parts & Auxiliary Equipment, Nec (3728)

akta.pro primary industry

Structural Assemblies & Integration (Airframe Subassemblies) (IMABAEAD)

akta.pro secondary industries

Primary Airframe Structures (Fuselage, Wing, Empennage) (IMABAEAA), Commercial Aircraft Manufacturing (Fixed-Wing) (IMABAAAA), Aerospace Electrical Wiring Interconnect Systems (EWIS) & Harnesses (IMABANAD), Military Fixed-Wing Aircraft Manufacturing (IMABAAAB)

Keywords

• Aerospace parts manufacturing
• Aircraft MRO services
• Aerostructure assembly
• Precision aerospace machining
• Aircraft passenger freighter conversion

Headquarters

HQ city

Eastman

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Aerospace Parts Manufacturing: Build-to-print manufacturing of aerospace components including cockpit windows, structural parts, and engine components for commercial and defense aerospace manufacturers. Revenue is generated through long-term manufacturing contracts with major OEM customers.
2. Aerostructure Assembly: Tier 1 supplier of aircraft structure and assemblies including passenger to freighter conversion programs, floor grid assemblies, and frame shell structures for Boeing, Airbus, and Gulfstream aircraft.
3. MRO Services: Maintenance, repair, and overhaul services including structure repair, avionic system upgrades, wire harness replacement, and IFF system upgrades for military and commercial aircraft.
4. Raw Material Distribution: Distribution of aerospace materials through subsidiaries including California Metal & Supply, providing price competitiveness advantage in parts manufacturing.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Kencoa Aerospace manufactures build-to-print aerospace components and assemblies — including aerostructures, engine parts, and space/SLS components — through precision machining, sheet metal fabrication, and full structural assembly for commercial aviation, business jets, space, and defense programs. The company also performs aircraft MRO (structure repair, avionics and IFF upgrades, wire harness replacement), executes passenger-to-freighter conversion programs (Airbus A330/A320/A321), and supports advanced air mobility and drone services. Operations are vertically integrated with in-house raw material distribution via the Aerospace Industry Logistics Center (AIL) and California Metal & Supply.

Product overview

Kencoa Aerospace Corporation is a total solution provider in the aerospace and defense industry offering a comprehensive portfolio of products and services. The core offerings include: (1) Aerostructure Manufacturing as Tier1 supplier for commercial and business aviation including passenger to freighter conversion; (2) Engine Parts Manufacturing with precision machining capabilities for aerospace and space applications; (3) MRO services for military and commercial aircraft; (4) Space Components for NASA and commercial space programs; (5) Defense Products and offset trade solutions; (6) AAM/UAM solutions including drone travel and cargo services. The company operates a raw material logistics center enabling direct supply of aerospace materials, providing cost-competitive advantage. Kencoa provides turn-key production from machining, sheet metal, assembly, special processes to MRO, positioning itself as a one-stop solution provider in the global aerospace supply chain.

Differentiator

Problem solved

Functional benefit

Products and services

• Aerostructure Manufacturing Build-to-print manufacturing of aircraft structural components and assemblies including floor grid assemblies, re-skin panel assemblies, frame shell structures, and precision machining of difficult-to-cut materials such as steel and titanium; supplied as Tier-1 to Boeing, Airbus, Gulfstream, Spirit AeroSystems, and other commercial and business aviation OEMs.
• Engine Parts Manufacturing Precision-manufactured aerospace engine components and assemblies, including Pratt & Whitney engine parts, NASA SLS engine sections, and Blue Origin BE-4 rocket engine components, leveraging 20+ years of advanced precision machining technology.
• MRO (Maintenance, Repair, and Overhaul) Services Full aircraft MRO services for military and commercial operators including disassembly, replacement, repair, upgrade, and safety inspection, with specialization in structure repair, avionics upgrades, wire harness replacement, and IFF Mode 5 upgrades for platforms such as HH-60, F-16, P-3, CH-47, CH-53, and Korean military fleets.
• Space Components Manufacturing Manufactured components and assemblies for space programs including NASA Johnson Space Center hardware, Boeing International Space Station (ISS) and Space Launch System (SLS) parts, and Lockheed Martin Orion spacecraft components, with selected involvement on SpaceX launch vehicle components.
• Passenger-to-Freighter Conversion Airbus passenger-to-freighter aircraft conversion programs for A330, A320, and A321, encompassing floor grid assembly, re-skin panel assembly, frame shell structure, and over 2,000 detailed parts delivered as a Tier-1 partner.
• Defense Products and Offset Trade Solutions Build-to-print defense aerostructure components and offset trade partnership services for programs including Boeing Defense (C-17, F/A-18, F-15, AH-6), Lockheed Martin (C-130, C-5, F-22, F-35), General Dynamics, and Korean military aircraft (KT-100, KUH, LCH, LAH, KF-21) under DAPA offset-trade framework.
• Aerospace Raw Material Distribution Distribution of aerospace materials through the Aerospace Industry Logistics Center (AIL) in South Korea and California Metal & Supply in the USA, providing direct raw material supply for parts manufacturing and a structural cost advantage for internal and external customers.

Quantifiable outcome

• 50-80% reduction in production startup time with advanced tooling strategies
• +1 more outcomes

Named customers14 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

25 partnerships are on record, tiered core, major and minor.

• BoeingcoreStrategic or Co-development PartnerLong-term aerostructure and space components manufacturing partnership. Kencoa supplies Boeing commercial aircraft parts (737, 747, 757, 767, 777, 787) and space components including ISS and SLS parts. Win competitive bids for cockpit window manufacturing using Okuma machine tools.
• AirbuscoreStrategic or Co-development PartnerMajor partner for passenger-to-freighter conversion programs (A330, A320, A321) including floor grid assembly, reskin panel assembly, and frame shell structures. Also participates in KUH defense helicopter programs.
• Lockheed MartincoreStrategic or Co-development PartnerDefense aerospace manufacturing partner supplying C-130, C-5, F-22, F-35 aircraft components. Also involved in Orion spacecraft programs.
• GulfstreamcoreStrategic or Co-development PartnerBusiness aviation partner for cockpit windows and structural components for G280, G450, G500/600, G550, G650 aircraft.
• NASAcoreStrategic or Co-development PartnerSpace program partner supplying Johnson Space Center components, SLS engine sections, and ISS parts.
• Blue OrigincoreStrategic or Co-development PartnerSpace launch partner manufacturing BE-4 rocket engine components.
• SpaceXcoreStrategic or Co-development PartnerSpace launch vehicle components manufacturing partner.
• Pratt & WhitneycoreStrategic or Co-development PartnerEngine components manufacturing partner supplying precision aerospace engine parts.
• Korean AircoreStrategic or Co-development PartnerFleet services MRO partnership for Korean airline operations.
• Spirit AerosystemsmajorStrategic or Co-development PartnerAerostructure components partnership in the aerospace supply chain.
• Department of Defense USAcoreStrategic or Co-development PartnerUS military aircraft parts and support through defense contracts.
• Korea Aerospace IndustriescoreStrategic or Co-development PartnerKorean defense aerospace manufacturing partner for KT-100, KUH aircraft programs.
• General DynamicsmajorStrategic or Co-development PartnerDefense aircraft components supplier.
• PPGminorStrategic or Co-development PartnerAerospace materials and coatings partnership.
• EATONminorStrategic or Co-development PartnerAerospace components partnership in Ireland operations.
• GKNmajorStrategic or Co-development PartnerUK-based aerostructure partner for aerospace manufacturing.
• SkyportsminorStrategic or Co-development PartnerUK-based AAM infrastructure partner for urban air mobility.
• Airbus HelicoptermajorStrategic or Co-development PartnerFrance-based helicopter manufacturing partner.
• ST EngineeringmajorStrategic or Co-development PartnerSingapore-based aerospace engineering and MRO partner.
• Hanhwa SystemsmajorStrategic or Co-development PartnerKorean defense systems partner.
• Hanhwa AerospacemajorStrategic or Co-development PartnerKorean aerospace manufacturing partner.
• Korea Air Force (ROKAF)coreStrategic or Co-development PartnerMilitary aircraft support for KT-100, KUH, LCH, LAH, KF-21 programs.
• California Metal & SupplycoreChannel Partner/ Reseller/ DistributorSubsidiary in California, USA operating as raw material distributor (34,788 ft2) supporting aerospace material supply chain.
• Kencoa USAcoreChannel Partner/ Reseller/ DistributorUS subsidiary in Eastman, Georgia providing fabrication and sheet metal operations (48,093 ft2) for regional aerospace manufacturing.
• Aerospace Industry Logistics Center (AIL)coreChannel Partner/ Reseller/ DistributorSubsidiary operating raw material distribution center (145,990 ft2) in Sacheon, Korea for aerospace material logistics.

Scale indicators6 records

Recent moves2 records

Expansion highlights6 records

Direct peers

• Senior plc: UK-listed Tier-2/3 aerospace components and structures manufacturer with strong fluid conveyance and structural product lines serving the same primes Kencoa supplies. Useful mid-cap benchmark for build-to-print aerospace parts economics.
• Ducommun: US-listed supplier of aerospace structures, electronic systems and engineered products, with significant Boeing, Lockheed and Northrop content. Comparable scale to Kencoa and overlapping in fabricated structural assemblies and defense electronics-adjacent work.
• GKN Aerospace: Tier-1 aerostructures and engine components supplier owned by Melrose Industries, with transparent additive manufacturing and defense exposure. Listed by Kencoa as a UK aerostructure partner; functionally equivalent supplier of airframe subassemblies and engine components.
• Spirit AeroSystems: Largest pure-play Tier-1 aerostructure manufacturer globally, supplying Boeing, Airbus and defense primes with fuselages, pylons and structural assemblies. Direct functional overlap with Kencoa's aerostructure and passenger-to-freighter conversion business and the most direct global benchmark for Kencoa's commercial aerostructure economics.
• Triumph Group: US-listed Tier-1 supplier of aerostructures, mechanical systems and MRO services to Boeing, Airbus, Lockheed Martin and Gulfstream. Closest US small/mid-cap comparable to Kencoa across aerostructure, MRO and defense product lines.
• ST Engineering: Singapore-listed aerospace group with deep MRO, aerostructure and defense businesses; listed as a Kencoa partner. Closest Asia-Pacific peer combining commercial MRO, structural assembly and defense participation.

Broad incumbents

• TransDigm Group: US-listed aerospace components holding company with a portfolio of proprietary parts across airframe, engine and defense. Provides an upper-bound benchmark on aerospace parts margin economics that Kencoa's build-to-print model is benchmarked against.
• Howmet Aerospace: US-listed leader in aerospace fasteners, structures and engine components with deep Boeing, Airbus, Pratt & Whitney and defense exposure. Direct supplier-side comparable for Kencoa's engine component work and airframe structural parts.

Regional players

• Hanwha Aerospace: Korean defense and aerospace manufacturer with engine, airframe and space launch exposure. Named Kencoa partner on Korean defense systems; the most relevant Korean competitor for engine and defense work.
• Korea Aerospace Industries (KAI): Korean aerospace prime manufacturing KF-21, KUH, LAH and trainer aircraft. Direct counterparty to Kencoa on Korean defense programs and the only other Korean Tier-1 player with comparable depth across airframes, rotors and trainer jets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/kencoaaero
• LinkedInlinkedin.com/company/kencoa-aerospace-corporation

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kencoa Aerospace Corporation