[Special Stock] HJ Junggongup Signs Defense Acquisition Program Administration Contract Worth 266.3 Billion KRW... Up 11%

HJ Heavy Industries is rising more than 11% on the 20th following news that it signed a contract worth 266.3 billion KRW with the Defense Acquisition Program Administration.

As of 11:08 AM on the same day, HJ Heavy Industries is trading at 5,780 KRW, up 11.37% (590 KRW) from the previous close. This is interpreted as a result of HJ Heavy Industries securing a contract worth 266.3 billion KRW with the Defense Acquisition Program Administration.

HJ Heavy Industries announced on the 20th that it won an order from the Defense Acquisition Program Administration for the Eagle Batch-II follow-up ships (ships 9 to 12) worth 266.3 billion KRW. This amount corresponds to 12.32% of last year's consolidated sales. On the 19th, HJ Heavy Industries also announced that it secured a construction contract worth 80.2 billion KRW for the Busan Eomgung Bridge, ordered by the Public Procurement Service. Additionally, the company has reported consecutive contract wins, including projects exceeding 280 billion KRW in the Philippines.