Fact Source: Financial Supervisory Service DART / 2025-08-27
Disclosure Type: Correction Report (Sales / Supply Contract)
💡 Summary in 3 Seconds
Hanwha Systems has amended its supply contract with DAPA for ‘Military Satellite Communication System II and 36 items,’ increasing the contract value from KRW 360.2B to KRW 369.5B and extending the end date to July 31, 2026.
📊 1. [Key Disclosure Details & Financial Highlights]
- Corrected Document: Sales / Supply Contract (Original Filing Date: September 15, 2021 / Previous Amendment Date: April 12, 2023)
- Reason for Correction: Changes in contract amount and contract period depending on project progress
- Key Amendments:
- Contract Amount: Increased from KRW 360,162,955,528 to KRW 369,543,345,378 (up approx. KRW 9.38B)
- Relative Size to Revenue: Adjusted from 21.9% to 22.5% (Based on 2020 consolidated annual revenue of KRW 1.64T)
- Contract End Date: Extended from December 31, 2025 to July 31, 2026 (Contract start date: September 15, 2021)
- Counterparty: Defense Acquisition Program Administration (DAPA)
- Other Notes: Zero VAT rate applied; contract amount and duration remain subject to further changes depending on project execution.
📈 2. [Professional Insight: What This Means for Investors]
This filing is a correction report detailing adjustments to the contract value and execution timeline for the ‘Military Satellite Communication System II and 36 items’ agreement originally signed with DAPA on September 15, 2021. This represents an amendment to an existing agreement rather than a new contract win.
The total contract value has been adjusted upward from approx. KRW 360.2B to KRW 369.5B (an increase of approx. KRW 9.38B or 2.61%), while the completion schedule has been extended from December 31, 2025 to July 31, 2026. The disclosure states the reason for modification simply as a change in contract amount and period, without providing further commentary.
📝 Editor’s Comment (by K-STOCK Editor)
The objective fact established in this disclosure is that the existing DAPA contract value for the military satellite communication system project has expanded to approx. KRW 369.5B, with the scheduled completion date shifted to July 31, 2026.
Moving forward, the primary objective checkpoints for investors are tracking project execution through the revised end date of July 31, 2026, and observing whether further amendment filings are submitted. As the disclosure explicitly notes that contract terms may shift depending on progress, monitoring for subsequent regulatory updates remains the standard reference point.
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