[Click e-Stock] "Hanwha Aerospace Expected to Post Strong Q2 Results"

On June 10, Hanwha Investment & Securities predicted that Hanwha Aerospace's performance in the second quarter of this year would exceed expectations.

The company estimated that Hanwha Aerospace would achieve sales of 6.3979 trillion won and operating profit of 733 billion won in the second quarter. These figures represent increases of 174.0% and 117.4%, respectively, compared to the same period last year.

Bae Sungjo, a researcher at Hanwha Investment & Securities, stated, "Deliveries of K9 and Cheonmu to Poland, as well as productivity improvements through repetitive production, are expected to contribute to improved performance," adding, "Second-quarter ground defense sales are estimated at 1.6396 trillion won, and the expansion of ground defense export volume is expected to drive overall company performance improvement."

He continued, "We are focusing on the company's mid- to long-term investment plans based on capital raised through the rights offering," and added, "The company plans to invest a total of 11 trillion won by 2028." Furthermore, he emphasized, "More than 5 trillion won will be invested in overseas ground defense, and localization strategies will become a necessity rather than an option going forward."

Bae also positively evaluated the establishment of the Romania plant following the Australia plant, stating, "If concrete details of business cooperation for the joint venture investment with the Saudi Ministry of National Guard become visible within this year, it could serve as a strong new momentum for the company."

This content was produced with the assistance of AI translation services.