Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Systems has amended its ‘TICN 4th Mass Production’ supply contract with the Defense Acquisition Program Administration (DAPA). The contract value increased from approx. KRW 606.0B to KRW 612.2B (up by approx. KRW 6.27B), and the contract end date was extended to December 31, 2025.
📊 [Key Disclosure Details & Financial Highlights]
- Correction Overview
- Correction Date: December 26, 2024
- Original Filing & Date: Sales / Supply Contract (December 27, 2021)
- Reason for Correction: Changes in contract value and contract period
- Main Corrected Details
- Contract Value:
- Before: KRW 605,963,000,000
- After: KRW 612,234,135,244 (+KRW 6,271,135,244 increase)
- Contract-to-Revenue Ratio (2020 Consolidated Revenue):
- Before: 36.88%
- After: 37.27%
- Contract End Date:
- Before: March 31, 2025
- After: December 31, 2025 (+9-month extension)
- Detailed Contract Terms
- Contract Type: Other Sales / Supply Contract
- Contract Title: TICN 4th Mass Production
- Counterparty: Defense Acquisition Program Administration (DAPA)
- Sales/Supply Region: Republic of Korea
- Contract Period: December 24, 2021 ~ December 31, 2025
- Contract Signing Date: December 24, 2021
- Large Scale Corporation Classification: Applicable
- Other Important Matters
- Zero-rate VAT applies to this contract.
- The recent annual revenue figure (KRW 1,642,854,571,594) is based on the 2020 consolidated financial statements, corresponding to the initial contract execution time.
- Contract value and period are subject to change depending on project progress.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring Project Progress and Potential Changes in Contract Terms
This disclosure reflects an increase in contract value and an extension of the contract period for the TICN 4th Mass Production supply contract with DAPA. Tracking project progress based on the revised contract value and extended period and monitoring potential subsequent amendments to contract terms serve as key follow-up checkpoints. Related progress can be reviewed in future periodic filings and disclosures.
📢 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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