Teams led by HANWHA AEROSPACE CO., LTD. (012450) and Hyundai Rotem Company (064350) are competing for a Korean missile project, Dailian reported Friday. LIG Defense & Aerospace Co., Ltd. (079550) joined the Hyundai Rotem team.
The project covers a domestic long-range air-to-air guided missile for the KF-21 Boramae fighter. The Agency for Defense Development will close proposals on September 7 and select a preferred bidder in October.
Hanwha Aerospace's market capitalisation was ₩54.4 trillion at Friday's close. The agency plans to complete a development contract by the end of 2026.
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| Symbol | Last Price |
|---|---|
| 012450HANWHA AEROSPACE CO., LTD. | ₩1,055,000 +0.8% |
| 064350Hyundai Rotem Company | ₩126,800 +0.3% |
| 079550LIG Defense & Aerospace Co., Ltd. | ₩652,000 -2.0% |