FIRSTEC is surging more than 18% on the morning of the 6th. As domestic defense corporations draw attention amid military clashes in the Middle East, funds appear to be flowing in on expectations that sales of drones and unmanned aircraft will increase.
As of 10:40 a.m. on the 6th, FIRSTEC is trading at 9,160 won on the Korea Exchange's main board, up 18.65% (1,440 won) from the previous day.
FIRSTEC is a defense corporations specializing in aerospace and guided weapons that manufactures core components for domestic weapons such as "K9" and "Hyunmoo." It has Uconsystem, which produces unmanned aircraft, as an affiliate.
After U.S.-Israeli airstrikes, Iran launched about more than 940 suicide drones toward the neighboring United Arab Emirates (UAE). The UAE showed a defense rate of more than 90%, minimizing damage, and it was reported that domestic defense weapons were used.
According to Yu Yong-weon of the People Power Party on the National Defense Committee of the National Assembly on the 5th, the domestically made missile interception system "Cheongung-II," deployed in combat in the UAE, recorded a hit rate of up to 96% in action.
Interest in domestic defense corporations also grew after reports that the UAE asked our government for early supplies of interceptor missiles.