Source Facts: Financial Supervisory Service Electronic Disclosure System (DART) / 2025-12-23
Disclosure Type: (Amendment) Signing of Single Sales/Supply Contract
💡 3-Second Summary
This regulatory filing is an amendment disclosure confirming that the contract termination date for the ‘GE9X New Components and LEAP Engine Components Production Contract’ signed with General Electric (GE) in 2019 has been extended from December 31, 2025, to December 31, 2032.
📊 1. [Summary of Core Disclosure Content and Major Figures]
- Target Original Document & Initial Filing Date: Signing of Single Sales/Supply Contract / November 18, 2019
- Reason for Amendment: Amendment of the contract period termination date
- Key Modifications (Item / Before ▷ After):
- Contract Period Termination Date: 2025-12-31 ▷ 2032-12-31 (Extended)
- Contract Specifications (Based on Final Confirmed Figures):
- Contract Category and Project Title: Other Sales/Supply Contract / GE9X New Components and LEAP Engine Components Production Contract
- Contract Amount: KRW 350,659,106,038
- Recent Annual Sales: KRW 4,453,176,623,308 (Based on the 2018 consolidated annual revenue)
- Ratio to Sales: 7.87%
- Large-Scale Corporation Status: Applicable
- Contract Counterparty and Supply Region: General Electric (GE) / US, Cincinnati
- Contract Period: November 18, 2019 – December 31, 2032
- Contract (Order) Date: November 18, 2019
- Primary Contractual Terms:
- Down Payment / Advance Payment Status: None (No)
- Payment Terms: Bulk payment within 180 days after individual delivery Invoice approval
- Additional Specifications and Foreign Exchange Baseline:
- The contract amount of U$301M was converted into KRW applying the Seoul Money Brokerage base exchange rate of 1,166.30 KRW/USD recorded on the initial disclosure date (November 18, 2019).
- The aforementioned contents are subject to change during the execution process and will be re-disclosed if changes occur.
📈 2. [Expert View: What This Disclosure Means for Investors]
This regulatory filing documents the adjustment of a timeline within an active framework rather than representing the acquisition of a new commercial order package. It chronicles the extension of the duration boundary for the engine components manufacturing project executed with General Electric (GE) since November 2019. According to the structural metrics registered in the text, while the total contract consideration remains fixed at KRW 350,659,106,038 (USD 301M), the termination date has shifted from December 31, 2025, to December 31, 2032, converting the operation into a longer fulfillment window.
For investors, the primary utility of this disclosure is verifying the specific settlement terms and the updated structural framework. The transaction design contains no advance or down payments, relying instead on a mechanism where funds are collected within 180 days following the approval of individual delivery invoices. As the definitive termination date is moved through 2032, the delivery schedules and corresponding accounting timelines are reallocated over a longer horizon. Furthermore, because the metrics explicitly note that the contract provisions remain subject to modification based on ongoing process developments, investors should track these designated textual provisions rather than treating them as permanent certainties.
📝 Editor’s Comment (by K-STOCK Editor)
Selected Comment Style: Cautionary View
This announcement presents the adjusted chronological parameters for Hanwha Aerospace’s engine components production framework managed with General Electric (GE). The critical variable that investors must monitor going forward is the ‘potential fluidity of the contract terms and details depending on execution variables’ as explicitly outlined in the text.
As specified in the source filing, the current corrective disclosure extends the operational horizon to December 31, 2032, while maintaining the structural baseline where bulk payments are settled within 180 days following unit invoice approvals. Given that the clauses reserving potential fluidity in the execution terms remain active in the report, investors should focus entirely on cross-referencing future periodic updates to track whether any subsequent official adjustments to these stated baseline disclosures are submitted.
📢 Disclaimer and Source Information
Source: This content has been structured and newly written based on the official data submitted to the Financial Supervisory Service Electronic Disclosure System (DART).
Investment Risk Notice: This content is provided solely for informational and linguistic reference purposes. Under no circumstances does it constitute financial advice or a recommendation to buy or sell specific stocks. All investment decisions and financial responsibilities rest entirely with the investor.
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