Fact Source: Financial Supervisory Service DART / 2025-06-26
Disclosure Type: Execution of Single Sales/Supply Contract
💡 3-Second Summary
Hanwha Aerospace has signed a supply contract worth approximately KRW 623.2 billion with the Defense Acquisition Program Administration (DAPA) for KF-21 initial mass production remaining engines. This contract accounts for 5.54% of the company’s 2024 consolidated revenue, with the contract period running from June 26, 2025, to December 15, 2028.
📊 1. [Summary of Core Disclosure Content and Major Figures]
- Contract Name & Category: Product supply contract for the KF-21 Initial Mass Production (Remaining) Engines.
- Contract Amount: KRW 623,212,000,000 (KRW 623.21B).
- Proportion to Recent Revenue: Equivalent to 5.54% of Hanwha Aerospace’s 2024 consolidated annual revenue (KRW 11,240,121,484,118).
- Counterparty: Defense Acquisition Program Administration (DAPA).
- Sales & Supply Region: Republic of Korea.
- Contract Period: Commences on 2025-06-26 and concludes on 2028-12-15.
- Key Terms & Payment Conditions: Down payments and advance payments are applicable. Payments will be made on an annual installment basis, following the customer’s payment schedules and ratios.
- Other Information: The contract period and amount may be subject to change during the execution process.
📈 2. [Expert View: What This Disclosure Means for Investors]
This disclosure informs investors of a large-scale product supply contract between Hanwha Aerospace and DAPA. The contract amount is approximately KRW 623.2 billion, which represents a financial proportion of 5.54% relative to the company’s recent consolidated annual revenue.
The stated contract duration spans roughly 3.5 years from June 2025 to December 2028, and the payment terms are structured based on annual installments subject to the client’s schedule and ratios. As noted in the disclosure text, the contract period and total amount may be altered during the execution of the project. Investors may focus on confirming the commencement of the supply and tracking whether any numerical adjustments occur in future updates.
📝 Editor’s Comment (by K-STOCK Editor)
Applied Comment Style: Cautionary View
Hanwha Aerospace’s latest filing officially specifies the exact figures and timeframe for the KF-21 initial mass production remaining engine supply agreement with DAPA. The total contract value is fixed at KRW 623.2 billion, representing 5.54% of its 2024 consolidated revenue.
The primary checkpoint for investors going forward is whether the contract terms undergo updates during the execution phase. As disclosed under the critical investment consideration section, the contract period and total value are subject to potential changes. Therefore, it is necessary to monitor the implementation status of the supply volume and check for any future regulatory amendments regarding the final contract scale.
Additionally, since the payment collection is tied to an annual installment basis aligned with the customer’s specific schedule and ratios, investors should objectively verify the actual execution progress and subsequent cash inflows through upcoming quarterly financial reports.
📢 Disclaimer and Source Information
Source: This content was structured and newly written based on the official data submitted to the Electronic Disclosure System (DART) of the Financial Supervisory Service.
Investment Risk Notice: This information 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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