[Market Focus] HD Hyundai Heavy Industries Jumps 5% on Additional U.S. Navy MRO Contract

HD Hyundai Heavy Industries is showing strong performance on January 8 following news that it has secured an additional contract for the maintenance, repair, and overhaul (MRO) of the U.S. Navy’s logistics support vessels.

As of 10:09 a.m. on this day, HD Hyundai Heavy Industries is trading at 585,000 won, up 28,000 won (5.03%) from the previous trading day.

The previous day, HD Hyundai Heavy Industries announced that it had recently won a contract for the regular overhaul of the 41,000-ton cargo supply ship 'USNS Cesar Chavez,' which belongs to the U.S. Navy’s 7th Fleet.

Starting from January 19, HD Hyundai Heavy Industries plans to begin maintenance at the quay near the Ulsan Medium Ship Division, where it will carry out precision maintenance on more than 100 items, including the hull and structures, propulsion, electrical, and auxiliary systems, before delivering the vessel to the U.S. Navy in March.

Meritz Securities researcher Bae Kiyoun stated in a report the previous day, "It remains difficult to predict exactly when the U.S. Navy cooperation, which caused volatility in the 2025 stock price, will be finalized. However, the company’s confidence in winning overseas special vessel contracts outside the United States was confirmed in its guidance," and set a target price of 720,000 won.