Source Fact: Korea Exchange (KOSCOM) / 2024-02-20
Disclosure Type: Single Sales/Supply Contract Conclusion
💡 3-Second Summary
Hanwha Aerospace has signed a supply contract with LIG Nex1 worth approximately KRW 166.3 billion (KRW 166,261,527,382) for major components and launch tubes for the ‘Cheolmae-II Upgrade (Cheongung-II) 2nd Mass Production’. The contract represents 2.5% of recent annual revenue.
📊 1. [Key Disclosure Content & Key Figures Summary]
- Target Company: Hanwha Aerospace Co., Ltd. (Stock Code: 012450)
- Contract Classification: Product Supply
- Contract Title: Cheolmae-II Upgrade Guided Missile (2nd Mass Production) and 1 other item
- Financial Details:
- Contract Amount: KRW 166,261,527,382 (approx. KRW 166.3B)
- Recent Annual Revenue: KRW 6,539,605,817,572 (Based on FY2022 consolidated revenue)
- Ratio to Revenue: 2.5%
- Large Corporation Classification: Applicable
- Counterparty: LIG Nex1
- Supply Region: Republic of Korea
- Contract Period: February 19, 2024 – May 10, 2027
- Key Terms: Supply of major components and launch tubes for Cheolmae-II Upgrade (Cheongung-II) 2nd Mass Production guided missiles
- Contract Date: February 19, 2024
- Important Notes: Contract amount and execution period remain subject to potential modifications during execution.
📈 2. [Expert Insight: What This Disclosure Means for Investors]
This filing serves as formal notification that Hanwha Aerospace has entered into a supply contract with LIG Nex1 for components related to the Cheongung-II (Cheolmae-II Upgrade) 2nd mass production system.
According to the official filing, the contract value is KRW 166.3 billion (2.5% of FY2022 consolidated revenue), with the stated contract period running from February 19, 2024, to May 10, 2027. Because contract terms and timelines are subject to change during execution, market participants can reference this disclosure as a factual record of the signed agreement and track whether any subsequent correction disclosures are filed.
📝 Editor’s Comment (by K-STOCK Editor)
Hanwha Aerospace has disclosed a single sales/supply contract with LIG Nex1 for supplying Cheongung-II 2nd mass production components and launch tubes.
From an analytical standpoint, key checkpoints include noting the contract value of KRW 166.3B (2.5% of FY2022 revenue) and the specified contract period spanning February 19, 2024, to May 10, 2027, as stated in the filing.
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Source: This content was newly structured and created based on official disclosure data from the Korea Exchange (KOSCOM/DART).
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