[Special Stock] Hanwha Aerospace, Supplying K9 to Romania, Surges Over 7%

Hanwha Aerospace's stock, which is set to supply K9 to Romania, is showing strong performance. As of 9:18 AM on the 10th, Hanwha Aerospace's stock price was trading at 270,000 KRW, up 18,000 KRW (7.14%) compared to the previous trading day.

On this day, Hanwha Aerospace announced that it had signed a supply contract with the Romanian Ministry of National Defense for K9 self-propelled howitzers, support equipment, and propellants worth 1.3828 trillion KRW. This amount corresponds to 14.77% of its recent sales revenue.

The day before, Meritz Securities raised the target price for Hanwha Aerospace from 250,000 KRW to 290,000 KRW, stating, "The company continues to deliver steady results, and there are multiple potential orders open in Romania, including Redback, Cheonmu, and K21 for Latvia, so continuous growth is expected."