-- Nara Space Technology (KOSDAQ:478340) secured a contract for a simulated satellite-ground control system from South Korea's Agency for Defense Development, according to a Monday filing with the Korea Exchange.
ADD is a state-run institute dedicated to advancing South Korea's defense technologies.
The contract, valued at 1.98 billion won, is valid till Aug. 31, 2028.
Shares of Nara Space Technology jumped nearly 7% at market close.