BizTech (Inc.) announced today that it has signed a contract to supply core components for the 535 billion‑won Korean launch vehicle Nuriro rocket engine. The contract is effective from August 6, 2026 to November 30, 2029 and includes about five batches of components at an estimated value of roughly 10.7 billion won per batch.
BizTech has already supplied core components for Nuriro FM7 through FM11, and this agreement is likewise viewed as a continuation of the existing launch vehicle framework. The company’s shares are currently trading at KRW 13,100, up 15.58% from yesterday’s closing price of KRW 8,920.
The government’s Nuriro program aims to launch at least one vehicle per year through 2032 and actively participates in advanced development projects such as building a small‑telescope network for high‑speed communication. BizTech’s supply arrangement aligns with this strategic necessity, and is evaluated as a case that leads to long‑term quantity assurance.
In this way, BizTech has accumulated results in the field of rocket engines through supplying components under contracts related to Nuriro launch vehicle and next‑generation launch vehicle systems. This new order also stands out as an example showing stable quantity assurance in the ongoing flow of advanced launch vehicle projects.