Samsung Aerospace Ind., Ltd. (SSA; ) was a South Korean aerospace manufacturer.[1]
History
The company was originally established as Samsung Precision on 1 August 1977 with initial capital of ₩1 billion, and began constructing its first factory, a facility of 100,000 m2, in Changwon, South Gyeongsang Province.[2] In its early history the company manufactured a variety of products including cameras and lead frames, but its business came to focus increasingly on aerospace manufacturing, and so it changed its name to Samsung Aerospace Industries in February 1987.[3][4] In 1996, SSA was considering to acquire Dutch aircraft manufacturer Fokker, but the plan was scrapped because of the economic problems emerging in South Korea in the late 90s.