[Featured Stock] Hunid, 'Boeing's 2nd Largest Shareholder,' Soars 23%

On the 24th, the stock price of Hunid, a wireless communication specialist company, is soaring. This is interpreted as being influenced by Boeing, the second-largest shareholder in the U.S. aerospace manufacturer, and U.S. President Donald Trump selecting Boeing as the developer for the U.S. Air Force's next-generation advanced fighter jet project.

As of 10:10 a.m. that day, Hunid was trading at 10,290 won, up 1,950 won (23.28%) from the previous trading day.

On the 21st, President Trump announced that the U.S. Air Force's next-generation advanced fighter jet would be named the ‘F-47’ and that Boeing was selected as the developer. It is the 6th-generation fighter jet following the 5th-generation fighters such as the world’s strongest ‘F-22 Raptor,’ developed in the 1980s and currently operated by about 180 units in the U.S. military, and is expected to be deployed in the mid-2030s at the earliest.

Hunid attracted about 20 million dollars in investment from Boeing in 2006, making Boeing the second-largest shareholder (with about 11.7% stake), and based on this, it is expanding its global defense network. The sharp rise in stock price on this day appears to reflect expectations that Boeing, as the second-largest shareholder, may collaborate with Hunid as it embarks on the development of the U.S. next-generation fighter jet.

Hunid, established in 1968, is a wireless communication specialist company whose main sales consist of domestic defense business and overseas aerospace business sectors.

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