Shares of MNC Solution, a defense equipment and parts manufacturer, reached an all-time high. This is believed to be due to the influence of defense exports, resulting in consecutive winning bids.
MNC Solution shares traded at 129,900 won on the KOSPI market at 1:26 p.m. on the 26th. The share price rose by 9.62% (11,400 won) compared to the previous trading day. During the trading session, the share price surged to 130,000 won, setting a new all-time high.
MNC Solution announced that it has signed a contract to supply test equipment for K9 self-propelled howitzer parts with Hanwha Aerospace worth 26.5 billion won. Under this contract, MNC Solution will supply eight types of test equipment for key components of the K9 self-propelled howitzer that Hanwha Aerospace is exporting to Poland and Egypt.
MNC Solution also signed a contract worth 19.9 billion won with Hanwha Aerospace for the supply of hydraulic systems for K21 infantry fighting vehicles in April. Additionally, on the 20th, the company signed a direct export contract worth 10.5 billion won for K9 self-propelled howitzer parts with Indian company L&T.