Fact Source: Financial Supervisory Service DART / 2025-10-02
Disclosure Type: Sales / Supply Contract
💡 Summary in 3 Seconds
Hanwha Systems has signed a KRW 357.3B supply contract with the Defense Acquisition Program Administration (DAPA) for L-SAM Multi-Function Radar mass production and 32 other items.
📊 1. [Key Disclosure Details & Financial Highlights]
- Contract Name: L-SAM mass production (Multi-Function Radar) and 32 other items
- Contract Amount: KRW 357,275,352,000 (approx. KRW 357.3B / zero VAT rate applied)
- Relative Size: 12.74% of 2024 consolidated revenue (KRW 2.80T)
- Counterparty: Defense Acquisition Program Administration (DAPA)
- Supply Region: Republic of Korea
- Contract Period: October 2, 2025 ~ December 31, 2030 (approx. 5 years and 3 months)
- Payment Terms: Payments governed by defense industry regulations on advance and intermediate payments (advance payments included)
- Contract Date: October 2, 2025
- Other Notes: Contract amount and duration are subject to change depending on project progress.
📈 2. [Professional Insight: What This Means for Investors]
This filing details a defense supply contract directly executed between Hanwha Systems and the Defense Acquisition Program Administration (DAPA). The contract value of KRW 357.3B represents 12.74% of Hanwha Systems’ consolidated annual revenue for 2024 (approx. KRW 2.80T), carrying a notable financial proportion.
The performance period spans approximately 5 years and 3 months, from October 2, 2025 to December 31, 2030. The terms incorporate advance and intermediate payment structures under Korean defense procurement rules. Given the long-term nature of defense supply agreements, potential amendments regarding contract value or timelines represent standard administrative variables.
📝 Editor’s Comment (by K-STOCK Editor)
The objective fact established in this disclosure is that Hanwha Systems secured a KRW 357.3B contract with DAPA—equivalent to 12.74% of its recent annual revenue—for L-SAM multi-function radar production and related items.
Moving forward, the primary objective checkpoints for investors are tracking fulfillment progress through the scheduled end date of December 31, 2030, and monitoring for any subsequent regulatory updates. As the filing notes that contract terms may shift depending on operational execution, checking for potential amendment filings remains the primary reference point.
📢 Disclaimer & Source Notice
Source: This content was newly structured and written based on official data submitted to the Financial Supervisory Service’s Data Analysis, Retrieval and Transfer System (DART).
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