Hanwha Aerospace launches US unit for global LNG push

South Korean defense company Hanwha Aerospace said Tuesday it has established a US-based subsidiary, Hanwha Horizon USA, as part of its push to grow its footprint in the global liquefied natural gas market. The new company will serve as the control tower for Hanwha Aerospace's LNG business, overseeing procurement, trading and logistics optimization, the company said. James Sagar, CEO of Hanwha Shipping, will concurrently serve as the first CEO of Hanwha Horizon USA. Sagar has about 30 years of e