Hyundai Heavy Bids for Jet-Plane Maker as Ship Orders Tumble

Hyundai Heavy Bids for Jet-Plane Maker as Ship Orders Tumble

SeongJoon Cho/Bloomberg

Employees work on a Surion utility helicopter on the production line of the Korea Aerospace Industries Ltd. plant in Sacheon, South Korea. Hyundai Heavy, which builds submarines and warships alongside commercial vessels, bid for the Korea Aerospace stake six weeks after an initial registration deadline.