Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Ocean has signed a contract worth KRW 839.1B with the Defense Acquisition Program Administration (DAPA) to build two naval surface ships, representing 11.3% of its recent annual revenue.
📊 [Key Disclosure Details & Financial Highlights]
- Contract Classification: Construction Order
- Contract Name: 2 Naval Surface Ships
- Contract Value: KRW 839,100,000,000 (KRW 839.1B)
- Recent Annual Revenue: KRW 7,408,300,000,000 (approx. KRW 7.41T, based on FY2023 consolidated financials)
- Contract Value to Revenue Ratio: 11.3%
- Counterparty: Defense Acquisition Program Administration (DAPA)
- Sales / Supply Region: Domestic (South Korea)
- Contract Period: December 18, 2024 – December 31, 2030 (approx. 6 years)
- Key Payment Terms:
- Advance/interim payments included (applied under the Defense Acquisition Program Act and defense industry rules)
- Terms regarding payment for goods and interest on delayed payment applied
- Contract Date: December 18, 2024
- Other Important Notes:
- Contract value and recent revenue figures are rounded to the nearest hundred million KRW
- Contract period and final settlement amount remain subject to potential changes during construction
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Execution Progress and Contract Revisions for Long-term Defense Order
This disclosure confirms a defense procurement contract with DAPA worth KRW 839.1B for two naval surface ships. As the contract spans through the end of 2030, monitoring whether any correction disclosures regarding contract value or period modifications are submitted during the construction process is essential for tracking final execution progress. Related details can be verified in future correction filings and upcoming official regular filings, including Quarterly, Half-Yearly, and Annual Reports.
📢 Disclaimer & Fact Source
Source: This content was structured and newly written based on officially submitted data from the Financial Supervisory Service’s Data Analysis, Retrieval and Transfer System (DART).
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