[THE INVESTOR] Huneed Technologies’ operating profit in the third quarter is expected to rise 673 percent on-year reaching 400 million won (US$352.20), and sales will mark 10.6 billion won up 24 percent, according to Shinhan Investment on Oct. 21.

“We expect sales of 3.6 billion won from domestic defense projects, 5.7 billion won from overseas operations and 1.3 billion won from civil aircraft parts,” the securities firm said on the company’s sales in the period.

For 2016, Shinhan forecasts that operating profit will come in at 16.5 billion won and sales will reach 178.6 billion won. The earnings growth will be on account of the supply of large-scale wireless networks for the TICN program from September.

Given the delivery schedule, the company is expected to book all orders it has received this year with regard to TICN (111.6 billion won) in 4Q.

By Park Yuna (yunapark@heraldcorp.com)