Hanwha Ocean Selected as Preferred Bidder for KDDX Destroyer Detailed Design and Lead Ship Construction, Boosting Defense Order Prospects and Shareholder Value

Hanwha Ocean received notification on July 1, 2026 that it was selected as the preferred bidder for the KDDX destroyer detailed design and lead ship construction project ordered by the Defense Acquisition Program Administration.
The contract amount and period will be finalized through negotiations between the parties, and specific details will be disclosed upon the final contract signing.
This disclosure pertains to a business order without any capital changes or stock dilution, posing no dilution concerns for existing shareholders.
[AI Summary]The selection as the preferred bidder for the KDDX project validates Hanwha Ocean's naval shipbuilding capabilities and is likely to secure a large-scale defense contract, enhancing long-term earnings and shareholder value without immediate dilution.