Source Fact: Financial Supervisory Service DART / 2024-04-25
Disclosure Type: Sales and Supply Contract Realization
💡 3-Second Summary
Hanwha Aerospace has officially signed a second executive contract worth approximately KRW 2.25 trillion—representing 24.07% of its recent annual revenue—with the Polish Armament Agency for the export of Chunmoo multiple rocket launchers, launchers, and maintenance parts.
📊 1. [Key Disclosure Content & Key Figures Summary]
- Target Company: Hanwha Aerospace Co., Ltd. (Stock Code: 012450)
- Contract Title: Execution of the 2nd Executive Contract for the Export of Chunmoo Multiple Rocket Launchers to Poland (Goods Supply)
- Key Contract Figures:
- Contract Amount: KRW 2,252,614,808,820 (approx. KRW 2.25T)
- Recent Annual Revenue: KRW 9,359,005,981,309 (approx. KRW 9.35T, based on 2023 consolidated statements)
- Contract Ratio to Revenue: 24.07%
- Large-scale Corporation Status: Applicable
- Contract Counterparty: Polish Armament Agency
- Sales & Supply Territory: Poland
- Key Terms: Supply contract for Chunmoo multiple rocket launchers, launchers, maintenance parts, etc.
- Contract Period: April 25, 2024 – October 30, 2029 (approx. 5 years and 6 months)
- Contract (Order) Date: April 25, 2024
- Important Notes:
- This contract represents an Executive Contract for a portion of the volume agreed upon under the comprehensive Framework Contract signed with the Polish government in 2022.
- Applied Exchange Rate: 1,370.00 KRW/USD (Seoul Money Brokerage rate as of April 25, 2024)
- This filing confirms the previously unconfirmed disclosures regarding exports of K9 howitzers and Chunmoo launchers to Poland submitted on February 28, 2024, and March 27, 2024.
- Contract period and amount are subject to potential changes during execution, with corrective disclosures to follow if major terms change.
📈 2. [Expert Insight: What This Disclosure Means for Investors]
This filing serves as formal notification that Hanwha Aerospace has executed the second Executive Contract for the Chunmoo multiple rocket launcher system, based on the comprehensive Framework Contract signed with the Polish government in 2022.
The total contract value stands at approximately KRW 2.25 trillion, accounting for a significant 24.07% of the company’s 2023 consolidated revenue, with execution scheduled over an approximate 5.5-year window through October 30, 2029. As the deliveries of Chunmoo rockets, launchers, and maintenance components progress according to the agreed terms, contract revenues are expected to be recognized sequentially over the mid-to-long term. Investors should track the actual delivery timeline and monitor for any corrective disclosures reflecting potential adjustments to contract value or schedule during execution.
📝 Editor’s Comment (by K-STOCK Editor)
Hanwha Aerospace has finalized its second Executive Contract with the Polish Armament Agency valued at KRW 2.25T (24.07% of revenue) for Chunmoo multiple rocket launcher systems. The agreement was executed on April 25, 2024, with fulfillment running through October 30, 2029.
From an analytical standpoint, key items to monitor include the progressive delivery and revenue realization timeline across the specified 5.5-year window. Furthermore, tracking whether any amendments to contract terms trigger corrective disclosures during the execution phase remains an essential factual checkpoint, as noted in the filing terms.
📢 Disclaimer & Source Notice
Source: This content was newly structured and created based on official data submitted to the Financial Supervisory Service’s DART system.
Investment Risk Warning: This content is provided for informational and language 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 responsibilities rest entirely with the investor.
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