[Alpha Biz=(Chicago) Reporter Paul Lee] The stock price of Hanwha System is skyrocketing. It is believed that the purchase trend has been driven by the news that the company will start a KRW 400 billion contract and start a space Internet service industry.

As of 1:31 p.m. on the 11th, the Hanwha system is trading at 17,310 won, up 2,070 won (13.58%) from the previous day. Stock prices soared to 17,720 won during the day, breaking the 52-week high.

Hanwha System announced on the same day that it won a 399.2 billion won 'Ulsan-class Batch-III follow-up ship (2-6) combat system' project. It is equivalent to 18.24% of last year's consolidated sales. The contract period is until June 30th, 2028.

On the previous day, I registered as a key telecommunication business operator with the Ministry of Science and ICT. As a result, Hanwha System will be able to start a space Internet service that provides high-speed Internet using low-orbital communication networks. Hanwha System plans to target the satellite communication market for business-to-government transactions (B2G) and business-to-business transactions (B2B).

 

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