Fact Source: Financial Supervisory Service DART / 2025-04-03
Disclosure Type: Signing of a Single Sales/Supply Contract
💡 3-Second Summary
Hanwha Aerospace has signed a component supply contract worth KRW 371,353,400,000 with India’s Larsen & Toubro Limited for the K9 self-propelled howitzer Phase 2 export project, running through September 30, 2030.
📊 1. [Summary of Core Disclosure Content and Major Figures]
- Contract Name and Classification: Indian K9 Self-Propelled Howitzer Phase 2 Export Project (Component Supply, Product Supply Contract).
- Contract Amount: KRW 371,353,400,000.
- This figure was converted into KRW by applying the trading reference exchange rate of Seoul Money Brokerage on April 3, 2025 (KRW 1,467.80/USD).
- Ratio to Recent Sales: Represents 3.3% of the company’s recent sales revenue (2024 consolidated sales revenue of KRW 11,240,121,484,118).
- Counterparty and Region: Larsen & Toubro Limited (L&T) / India.
- Contract Period: April 3, 2025 – September 30, 2030.
- Key Contract Terms:
- Advance payment exists.
- Advance payment condition: 15% of the total contract amount, to be paid within 7 days after the counterparty L&T receives its advance payment from the Indian Ministry of Defence.
- Balance condition: The supply price for each delivered volume will be paid upon handover according to the delivery schedule.
- Additional Status: This filing serves as the finalized disclosure clarifying the previous “Clarification of Rumors or Reports (Unconfirmed)” logged on December 31, 2024, and January 24, 2025.
📈 2. [Expert Perspective: What This Disclosure Means for Investors]
- Variability of the Execution Period: This supply contract outlines an operational timeframe running from April 3, 2025, to September 30, 2030. As stated in the footnotes, the contract period and absolute amount retain potential variability that may be modified during the execution process.
- Interlinked Payment Conditions: The advance payment parameters are set at 15% of the total contract valuation. This mechanism is not structured for immediate execution; rather, it is interlinked with the schedule of a third party, requiring L&T to acquire its funding from the Indian Ministry of Defence before triggering the 7-day payment window.
- Resolution of Unconfirmed Status: The previous unconfirmed filings tracking the Indian K9 export updates across December 2024 and January 2025 have transitioned into a finalized contractual metric through this definitive document.
📝 Editor’s Comment (by K-STOCK Editor)
This regulatory filing registers the definitive contract valuation, timeline parameters, and settlement structures established for Hanwha Aerospace’s component supply project targeting the Indian market. Serving as the final resolution to prior unconfirmed disclosures, it outlines a quantitative benchmark equivalent to 3.3% of the preceding year’s consolidated revenue.
The primary objective variable for investors to track next is the execution of the prerequisite condition: L&T’s acquisition of the advance payment from the Indian Ministry of Defence. Because the initial 15% fund inflow is structurally contingent on the capital transfer schedule between the third-party government entity and the counterparty, verifying this operational milestone is the necessary initial step.
Additionally, given the project lifecycle extending through 2030, the text explicitly notes that the terms remain subject to potential adjustments. Market participants should monitor whether the sequential distribution phases hold firm inside consecutive financial updates and observe whether any corrective filings modifying the value or period are introduced over time.
📢 Disclaimer & Source Information
Source: This content has been structured and newly generated based on official data submitted to the Financial Supervisory Service’s Electronic Disclosure System (DART).
Investment Risk Notice: This information is provided for informational and linguistic reference purposes only. Under no circumstances does it constitute financial advice or a recommendation to buy or sell specific stocks. All investment decisions and financial liabilities rest entirely with the investor.
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