HJ Engineering's stock price is rising more than 6% as of the morning of the 17th. This is believed to be due to winning a large-scale project from the Defense Acquisition Program Administration.
As of 10:33 a.m. on the same day, HJ Engineering was trading at 4,145 won, up 240 won (6.15%) from the previous trading day.
On the same day, HJ Engineering announced that it had won a 42.3 billion won contract for the navy's Dokdo-class vessel maintenance project and a 25.4 billion won contract for the high-speed landing craft maintenance project from the Defense Acquisition Program Administration.
Navy maintenance involves disassembling, inspecting, and repairing major equipment or components to maintain the weapon systems and performance of vessels in a state ready for operational use. Unlike typical equipment maintenance, the disassembly and reassembly are conducted at shipyards or military maintenance depots, which requires high-level technical skills.
Earlier, in November, HJ Engineering had also won a project for the performance improvement system development of 18 navy guided missile fast attack crafts.