HJ Heavy Industries' stock price has risen for two consecutive days. This is interpreted as a response to the news that the company has secured a navy overhaul project worth 67.7 billion won from the Defense Acquisition Program Administration.
According to the Korea Exchange on the 18th, at 9:56 a.m., HJ Heavy Industries was trading at 5,430 won, an increase of 1,230 won (29.29%) compared to the previous transaction. HJ Heavy Industries rose to 5,460 won during trading, marking a new high for the past year.
HJ Heavy Industries announced that it secured a navy Dokdo-class overhaul project worth 42.3 billion won and a fast landing craft overhaul project worth 25.4 billion won from the Defense Acquisition Program Administration the previous day.
The navy's overhaul refers to the activity of maintaining the weapons systems and performance of existing vessels in a state capable of operational performance through the process of disassembling, inspecting, and repairing major equipment or parts.