Source Facts: Financial Supervisory Service Electronic Disclosure System (DART) / 2025-10-27
Disclosure Type: Signing of Single Sales/Supply Contract
💡 3-Second Summary
Hanwha Aerospace has signed a supply contract worth approximately KRW 388.2B with LIG Nex1 Co., Ltd. for the IM3 project launcher mass production. This contract represents 3.45% of the firm’s 2024 consolidated revenue.
📊 1. [Summary of Core Disclosure Content and Major Figures]
- Contract Category and Project Title: Other Sales/Supply Contract / IM3 Project Launcher Mass Production
- Contract Specifications (Unit: KRW / Ratio: %):
- Contract Amount: KRW 388,180,261,317
- Recent Annual Sales: KRW 11,240,121,484,118 (Based on 2024 consolidated revenue)
- Ratio to Sales: 3.45%
- Large-Scale Corporation Status: Applicable
- Contract Counterparty and Supply Region: LIG Nex1 Co., Ltd. / Republic of Korea
- Contract Period and Dates:
- Contract (Order) Date: October 27, 2025
- Contract Period Commencement Date: October 27, 2025
- Contract Period Termination Date: January 28, 2033
- Primary Contractual Terms (Payment Terms, etc.):
- Down Payment / Advance Payment Status: Available (Yes)
- Specific Payment Terms: 1st advance payment (within 15 days after contract), 2nd advance payment (December 15, 2025), and payment for goods within 45 days after month-end closing following the completion of delivery and inspection.
- Structural Overview and Additional Specifications:
- The contract consideration was converted into KRW applying the Seoul Money Brokerage trading standard exchange rate of 1,436.10 KRW/USD recorded on October 27, 2025.
- The stated execution period and contract value remain subject to change during the implementation process.
📈 2. [Expert View: What This Disclosure Means for Investors]
This regulatory filing documents the formal finalization of a supply contract for the IM3 project launcher mass production with LIG Nex1 Co., Ltd. The contract amount is KRW 388,180,261,317, which constitutes 3.45% of Hanwha Aerospace’s 2024 consolidated revenue. The contract period runs from October 27, 2025, to January 28, 2033.
Investors should note the payment structure stipulated in the contract. The agreement incorporates advance payment clauses (Yes), consisting of a 1st advance payment within 15 days post-contract and a 2nd advance payment scheduled for December 15, 2025, while the remaining delivery payment is structured to be settled within 45 days after month-end closing following delivery and inspection validation. Additionally, because the reported KRW volume relies on a USD conversion mark (1,436.10 KRW/USD) and the textual parameters explicitly note that the contract period and monetary value remain subject to change during the execution process, investors should monitor for any future updates regarding these parameters.
📝 Editor’s Comment (by K-STOCK Editor)
This announcement clarifies the key parameters of Hanwha Aerospace’s IM3 project launcher mass production supply contract with LIG Nex1 Co., Ltd. The contract value is KRW 388.18B, and the duration extends through January 28, 2033.
The contract includes provisions for two installments of advance payments, and the subsequent payment structure is linked to a 45-day window post-inspection. Since the initial foreign exchange conversion metric (1,436.10 KRW/USD) is established but the contract period and value may change during the implementation process, investors should refer to future disclosures for any updates to these terms.
📢 Disclaimer and Source Information
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