Fact Source: Financial Supervisory Service DART
💡 Executive Summary
Hanwha Aerospace disclosed a correction extending the end date of its aircraft engine component supply contract with General Electric (GE) from December 31, 2025, to December 31, 2032.
📊 [Key Disclosure Contents & Summary of Figures]
- Company Name: Hanwha Aerospace Co., Ltd. (Stock Code: 012450)
- Disclosure Type: (Correction) Execution of Single Sales or Supply Contract
- Disclosure Date: 2025-12-23
- Correction Filing Date: 2025-12-22
- Original Disclosure Filing: Execution of Single Sales or Supply Contract (Original Submission Date: 2019-11-18)
- Reason for Correction: Amendment of contract end date
[Correction Details]
- Contract End Date: (Before Correction) 2025-12-31 → (After Correction) 2032-12-31 (Extended by 7 years)
[Key Contract Details]
- Contract Type: Other Sales/Supply Contract
- Contract Name: Production Contract for GE9X New Parts and LEAP Engine Parts
- Contract Amount: KRW 350,659,106,038 (Approx. KRW 350.66B / USD 301M)
- Recent Annual Sales: KRW 4,453,176,623,308 (Based on FY2018 consolidated sales)
- Ratio to Recent Sales: 7.87%
- Contracting Party: General Electric (GE)
- Sales/Supply Territory: US, Cincinnati
- Contract Date: 2019-11-18
- Contract Period: 2019-11-18 ~ 2032-12-31
- Key Payment Terms: No advance payment / Lump-sum payment within 180 days after approval of individual delivery invoice
[Other Key Considerations]
- Large Corporation Status: Applicable
- Exchange Rate Basis: Applied 1,166.30 KRW/USD base rate as of original disclosure date (Nov 18, 2019)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Extended Supply Execution and Subsequent Contract Updates
This corrective disclosure confirms the extension of the long-term engine component supply contract with GE through 2032. Monitoring ongoing delivery schedules under the extended period and checking for any future contractual updates are essential to understanding the long-term progress of this agreement. Investors can confirm further details in subsequent disclosures and upcoming periodic filings (Annual, Half-Year, or Quarterly Reports).
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Source: This content was structured and regenerated based on official data submitted to the Financial Supervisory Service’s DART system.
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