Corporate Logo(source: koreaaero.com)
LS Securities stated on July 30 that Korea Aerospace Industries (047810) is expected to post stronger earnings in the second half of the year, as revenue from its export business begins to be fully recognized. The brokerage raised its target price from 117,000 won to 122,000 won while maintaining a "Buy" rating.
Choi Jeong-hwan, an analyst at LS Securities, commented, “Korea Aerospace Industries delivered second-quarter operating profit that exceeded projections, and further improvement is anticipated in the second half.”
In the second quarter, the company reported consolidated operating profit of 85.2 billion won, up 14.7% year-on-year, while revenue declined 7.1% to 828.3 billion won. The result surpassed LS Securities’ earlier forecast of 48.2 billion won in operating profit.
Export revenue is expected to be more fully recognized in the latter half of the year.
Choi explained, “The second-half performance will benefit from concentrated domestic deliveries of fixed- and rotary-wing aircraft, as well as full-scale revenue recognition from complete aircraft exports, including the FA-50 programs in Poland and Malaysia, and other export contracts.”
He also noted, “A Request for Proposal (RFP) for the U.S. Navy’s trainer aircraft program (UJTS) is expected to be issued in the fourth quarter. Korea Aerospace Industries plans to bid through a consortium with Lockheed Martin and is preparing for entry into the U.S. market by establishing a dedicated team.” He concluded, “We have accordingly raised our target price.”
*[KOSPI] Korea Aerospace Industries(047810) engages in the aerospace industry, including the development and production of military aircraft, civil aircraft, and helicopters, as well as MRO services(Maintenance, Repair, and Overhaul) for operated aircraft. Market capitalization is 9.786 trillion won (as of July 29, 2025, closing price).
Corporate Logo(source: koreaaero.com)
LS Securities stated on July 30 that Korea Aerospace Industries (047810) is expected to post stronger earnings in the second half of the year, as revenue from its export business begins to be fully recognized. The brokerage raised its target price from 117,000 won to 122,000 won while maintaining a "Buy" rating.
Choi Jeong-hwan, an analyst at LS Securities, commented, “Korea Aerospace Industries delivered second-quarter operating profit that exceeded projections, and further improvement is anticipated in the second half.”
In the second quarter, the company reported consolidated operating profit of 85.2 billion won, up 14.7% year-on-year, while revenue declined 7.1% to 828.3 billion won. The result surpassed LS Securities’ earlier forecast of 48.2 billion won in operating profit.
Export revenue is expected to be more fully recognized in the latter half of the year.
Choi explained, “The second-half performance will benefit from concentrated domestic deliveries of fixed- and rotary-wing aircraft, as well as full-scale revenue recognition from complete aircraft exports, including the FA-50 programs in Poland and Malaysia, and other export contracts.”
He also noted, “A Request for Proposal (RFP) for the U.S. Navy’s trainer aircraft program (UJTS) is expected to be issued in the fourth quarter. Korea Aerospace Industries plans to bid through a consortium with Lockheed Martin and is preparing for entry into the U.S. market by establishing a dedicated team.” He concluded, “We have accordingly raised our target price.”
*[KOSPI] Korea Aerospace Industries(047810) engages in the aerospace industry, including the development and production of military aircraft, civil aircraft, and helicopters, as well as MRO services(Maintenance, Repair, and Overhaul) for operated aircraft. Market capitalization is 9.786 trillion won (as of July 29, 2025, closing price).