Hanwha Ocean Shares Surge 10% After US Navy Frigate Announcement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 23 2025
0mins
Should l Buy 00970?
Source: CNBC
- Stock Surge: Hanwha Ocean's shares rose 10% following President Trump's announcement that the company will help build new frigates for the U.S. Navy, reflecting market optimism about its future prospects.
- Significant Investment Commitment: The Philadelphia shipyard, acquired by Hanwha Ocean in 2024, will serve as the construction base for the new frigates, with the company pledging a $5 billion investment to support the modernization of the U.S. Navy.
- Trade Agreement Context: This frigate construction initiative is part of a broader U.S.-South Korea trade deal that reduced tariffs on South Korean exports to 15% in exchange for a $350 billion investment pledge, highlighting the close defense collaboration between the two nations.
- Industry Growth Potential: Hanwha Ocean's stock has surged over 220% this year, mirroring the strong performance of other defense stocks like Hanwha Aerospace and Hyundai Rotem, indicating a rapid growth opportunity in the South Korean defense sector.
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Analyst Views on 00970
Wall Street analysts forecast 00970 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00970 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 0.435
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Current: 0.435
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Hanwha Ocean Shares Surge 10% After US Navy Frigate Announcement
- Stock Surge: Hanwha Ocean's shares rose 10% following President Trump's announcement that the company will help build new frigates for the U.S. Navy, reflecting market optimism about its future prospects.
- Significant Investment Commitment: The Philadelphia shipyard, acquired by Hanwha Ocean in 2024, will serve as the construction base for the new frigates, with the company pledging a $5 billion investment to support the modernization of the U.S. Navy.
- Trade Agreement Context: This frigate construction initiative is part of a broader U.S.-South Korea trade deal that reduced tariffs on South Korean exports to 15% in exchange for a $350 billion investment pledge, highlighting the close defense collaboration between the two nations.
- Industry Growth Potential: Hanwha Ocean's stock has surged over 220% this year, mirroring the strong performance of other defense stocks like Hanwha Aerospace and Hyundai Rotem, indicating a rapid growth opportunity in the South Korean defense sector.
See More
Hanwha Ocean Shares Surge 10% After US Navy Frigate Announcement
- Stock Surge: Hanwha Ocean's shares rose 10% following President Trump's announcement that the company will help build new frigates for the U.S. Navy, reflecting market optimism about its future prospects.
- Significant Investment Commitment: The Philadelphia shipyard, acquired by Hanwha Ocean in 2024, will serve as the construction base for the new frigates, with the company pledging a $5 billion investment to support the modernization of the U.S. Navy.
- Trade Agreement Context: This frigate construction initiative is part of a broader U.S.-South Korea trade deal that reduced tariffs on South Korean exports to 15% in exchange for a $350 billion investment pledge, highlighting the close defense collaboration between the two nations.
- Industry Growth Potential: Hanwha Ocean's stock has surged over 220% this year, mirroring the strong performance of other defense stocks like Hanwha Aerospace and Hyundai Rotem, indicating a rapid growth opportunity in the South Korean defense sector.
See More
