Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Systems has filed a correction regarding its supply contract with DAPA for ‘Military Satellite Communication System II and 36 other items’, increasing the contract value from approx. KRW 360.2B to KRW 369.5B and extending the contract end date from December 31, 2025, to July 31, 2026.
📊 [Key Disclosure Details & Financial Highlights]
- Correction Overview
- Disclosure Title: (Correction) Sales / Supply Contract
- Correction Date: 2025-08-27
- Original Document Submitted: Sales / Supply Contract (submitted on 2023-04-12)
- Reason for Correction: Changes in contract value and contract period
- Main Corrected Items
- Contract Value: Increased from KRW 360,162,955,528 to KRW 369,543,345,378 (approx. KRW 369.5B)
- Contract-to-Revenue Ratio: Adjusted from 21.9% to 22.5% (based on 2020 consolidated revenue of KRW 1,642,854,571,594 as cited in the original filing)
- Contract End Date: Extended from 2025-12-31 to 2026-07-31
- Contract Specifications (Post-Correction)
- Contract Type: Other Sales / Supply Contract
- Contract Title: Military Satellite Communication System II and 36 Other Items
- Counterparty: Defense Acquisition Program Administration (DAPA)
- Sales/Supply Region: Domestic (Republic of Korea)
- Total Contract Period: 2021-09-15 ~ 2026-07-31
- Initial Contract Date: 2021-09-15
- Payment Terms: Down Payment / Advance Payment included (detailed terms omitted due to defense industry confidentiality)
- Other Important Matters
- The contract value is subject to a zero tax rate.
- The contract value and duration remain subject to potential changes depending on progress.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring Adjusted Contract Terms and Execution Progress
This disclosure provides notice of an increase in contract value and an extension of the contract period for a long-term defense supply contract with DAPA. Tracking whether project execution aligns with the revised contract value and extended deadline (July 31, 2026) is essential for evaluating the revenue recognition timeline and overall financial impact. Related progress can be reviewed in future periodic filings, such as quarterly, half-year, and annual reports.
📢 Disclaimer & Source Information
Source: This content was structured and generated based on official filings from the Financial Supervisory Service’s DART system.
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