[Click eStock] "Korea Aerospace Industries, Additional Order Expected"

On the 16th, LS Securities analyzed that Korea Aerospace Industries is expected to secure additional orders in Asia and the Middle East.

Choi Jeonghwan, a researcher at LS Securities, explained, "Korea Aerospace Industries' main products consist of cost-effective weapon systems," adding, "which align with the recent global trends in aerospace weapon systems."

He continued, "Countries interested in the FA-50 prefer the FA-50PL version, and if an export contract is concluded, the development period will not be long," adding, "mass production sales can be recognized in a short period." Furthermore, he emphasized, "Regarding the KF-21, there have been no contracts signed other than domestic orders," but "it has great potential as a weapon system that will lead the growth of our country's defense industry in the future."

Researcher Choi stated, "Localization of avionics and guided weapons based on the KF-21 is underway," and predicted, "just as the localization rate has increased in the ground firepower sector, enhancing export competitiveness, the aerospace sector will develop similarly."

It is estimated that Korea Aerospace Industries achieved sales of 990 billion KRW and an operating profit of 64 billion KRW in the first quarter of this year. It was judged that the operating profit met market expectations. Researcher Choi analyzed, "We are raising the target stock price by 37.7% to 95,000 KRW," adding, "As the only comprehensive aerospace weapon system company in Korea, it will be responsible for the future domestic defense industry's growth."