Taiwan’s Aerospace Industrial Development Corporation (AIDC) remains focused on one clear goal: Brave Eagle jet trainer delivery. Despite ongoing supply chain problems, the company confirmed its target to deliver 18 Brave Eagle aircraft in 2024.
During its annual shareholders’ meeting, AIDC shared several major updates. So far, the company has already delivered 45 Brave Eagle trainers. This milestone keeps it on track to reach its year-end goal. However, delays tied to US military contracts and parts shortages created some challenges.
Even with these setbacks, AIDC continues to push forward. It emphasized steady progress in other areas as well. Notably, the company is developing a domestic drone defense system. AIDC is using its radar expertise to build the system, which is now undergoing full systems-level testing.
In addition to military developments, AIDC sees growth in the civil aviation sector. As global supply chains stabilize post-pandemic, AIDC renegotiated pricing with several customers. Higher material and labor costs helped support those discussions.
Revenue from airframe and engine components made up 40% of AIDC’s total sales. Moreover, improved gross margins boosted overall performance. These gains came at a time when new orders also surged.
In the first quarter of 2024, AIDC booked NT$8.5 billion (US$283 million) in new civil aviation contracts. That number will likely fuel revenue growth in the months ahead. The company also installed new engine casing machinery, which will significantly increase output in the second half of the year.
Beyond aviation, AIDC is entering the energy space. In March, it launched a hybrid solar-storage microgrid demonstration project. This 2 MW system targets large-scale electricity users. Then in May, AIDC secured a major contract from Taipower. It will provide advanced energy systems for the Fenglin substation.
Despite challenges, AIDC posted a record revenue of NT$39.3 billion in 2024. Strong civil aviation orders and stable defense contracts supported this growth. Shareholders approved a dividend of NT$1.38 per share, holding a 60% payout ratio.
However, earnings per share slipped slightly to NT$2.30 from NT$2.36 in 2023. The drop resulted from delivery penalties and temporary delays. Still, the company remains confident in meeting its Brave Eagle jet trainer delivery goals.
AIDC’s strategy stays consistent across all sectors. Whether in aviation, defense, or energy, the company continues to invest in core capabilities. Its commitment to Brave Eagle jet trainer delivery reflects that drive for performance and progress.
