0607 GMT - Korea Aerospace Industries' earnings growth is likely to be led by increased production of KF-21 fighter jets from next year, Nomura analyst Eon Hwang writes in a note. The South Korean company's production of the homegrown 4.5-generation supersonic jets is expected to generate estimated revenue of 714 billion won in 2026 and about 1.8 trillion won annually over the 2027-2028 period, Hwang says. The mass production and delivery of KF-21s are due to start from 3Q 2026. Nomura raises the stock's target price by 43% to KRW110,000 and keeps a buy rating. Shares are 3.3% lower at KRW86,000. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
July 04, 2025 02:07 ET (06:07 GMT)
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