11 stories mentioning KRX:047810Updated 12d ago
Every FINWIRES story that references KRX:047810, newest first.
Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.
Korea Aerospace Industries (KRX:047810) won the Link-K (standard format) aircraft system integration project from the Agency for Defense Development in South Korea, the company said in a Tuesday filing with the Korea Exchange.The contract is valued at 140.9 billion won.Shares of Korea Aerospace Industries fell nearly 2% in recent trade.
Hanwha (KRX:000880) secured the South Korean Fair Trade Commission's approval for the acquisition of additional stakes in Korea Aerospace Industries (KRX:047810), The Korean Times reported Monday.The Trade Commission approved the acquisition of a 3.45% additional stake in KAI, increasing Hanwha's combined holding in the company to 15.89%, including a 9.9% stake held by Hanwha Aerospace.The commission said the expanded stake will not pose substantial influence over KAI's overall management, the report added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
LX International (KRX:001120) subsidiary LX Pantos and Korea Aerospace Industries (KRX:047810) have completed a defense logistics project to bring air-to-air guided missiles from France into South Korea, according to a Wednesday release.The air-to-air guided missiles for amphibious attack helicopters, delivered by European defense contractor M, were transferred from Chteauroux Airport to Incheon Airport, the release said.LX Pantos also secured airspace transit approvals from 14 countries across Europe, the Middle East and Asia, while coordinating air and land transportation through its foreign network.
Korea Aerospace Industries (KRX:047810) is the subject of a new three-month consulting study commissioned by its largest shareholder, the Export-Import Bank of Korea (KEXIM), to evaluate and strengthen South Korea's aerospace sector, Pulse News reported Thursday.The bidding process is open through Sept. 22, with the three-month consulting study expected to examine ways to boost the sector's competitiveness.KEXIM denied rumors that the consulting project was associated with the firm's privatization, the report said.KEXIM did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Hyundai Rotem (KRX:064350) and Korea Aerospace Industries (KRX:047810) have entered into a collaboration on aviation armament technologies, including long-range air-to-air missiles for the KF-21 fighter jet, according to a statement on Thursday.The agreement, signed at Korea Aerospace's Sacheon headquarters on Wednesday, aims to enhance the global competitiveness of Korean defense through integrated aircraft and weapons package exports.The partnership combines Hyundai Rotem's guided weapon and propulsion expertise with Korea Aerospace's aircraft platform capabilities to offer total solutions to international customers.Both companies plan to jointly pursue global marketing and business opportunities while expanding cooperation in system integration and export model development.
Korea Aerospace Industries (KRX:047810) has an average rating of overweight and mean price target of 188,062.50 won, according to analysts polled by FactSet.
Korea Aerospace Industries (KRX:047810) posted a 36% year-over-year decline in attributable net income to 35.9 billion won in the second quarter from 56.4 billion won.Sales surged 41% to 1.168 trillion won in the June quarter from 828.3 billion won, according to a Korea Exchange filing on Wednesday.
Korea Aerospace Industries (KRX:047810) clarified that the first export of KF-21 fighter jets to Indonesia has not been finalized, according to a bourse filing on Thursday.The company, in its response to a recent media report, said that while it continues to have discussions with Indonesia, nothing has been determined.It will disclose further details once specific decisions are made or within six months, the filing read.
Korea Aerospace Industries (KRX:047810) has an average rating of overweight and mean price target of 209,437.50 won, according to analysts polled by FactSet.
Korea Aerospace Industries (KRX:047810) will invest 1.09 trillion won to purchase 21 spare engines, according to a Thursday filing with the Korea Exchange.The new facility investment, which will be made between March 2026 and April 2039, is equivalent to roughly 9.93% of company equity, the filing said.The facility investment aims to secure equipment ahead of supporting the firm's long-term equipment plans.Shares of the aerospace company rose more than 5% at market close.
South Korea's benchmark index Kospi closed at an all-time high on Monday, with the rally driven by chip giants Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660), which gained over 6% and nearly 12%, respectively.The Korea Composite Stock Price Index or Kospi increased by 324.24 points, or 4.3%, to end at 7,822.24. The Kosdaq finished little changed in negative territory at 1,207.34.In economic news, South Korea's exports surged 43.7% to $18.4 billion in the first 10 days of May from $12.8 billion a year earlier, Monday data from the Korea Customs Service showed.Imports increased 14.9% to $16.7 billion, resulting in a $1.7 billion trade surplus.In corporate news, shares of Hanwha Ocean (KRX:042660) rose 3% after the company secured a 363.2 billion won order for a liquefied natural gas carrier from a Europe-based shipper.In other news, Hyundai Motor Group and Korea Aerospace Industries (KRX:047810) signed a memorandum of understanding to develop advanced air mobility solutions.Shares of Hyundai (KRX:005380) closed 5% higher, while those of Korea Aerospace edged up 2%.
