Fact Source: Financial Supervisory Service DART / 2024-12-18
Disclosure Type: Sales / Supply Contract
💡 Summary in 3 Seconds
Hanwha Systems has signed a supply contract worth KRW 112.34B (4.58% of 2023 revenue) with the Defense Acquisition Program Administration (DAPA) for K2 tank fire control system Performance-Based Logistics (PBL) and 3 other items, running through September 30, 2029.
📊 1. [Key Disclosure Details & Financial Highlights]
- Contract Name: K2 Tank Fire Control System Performance-Based Logistics (PBL) and 3 Other Items
- Contract Amount: KRW 112,343,000,000 (VAT included / approx. KRW 112.34B)
- Relative Size to Revenue: 4.58% (Based on 2023 consolidated annual revenue of KRW 2.45T)
- Counterparty: Defense Acquisition Program Administration (DAPA)
- Supply Region: Republic of Korea
- Contract Period: December 17, 2024 ~ September 30, 2029 (approx. 4 years and 9 months)
- Key Contract Terms: Subject to payment terms under Special Contract Conditions (down payment/advance payment excluded)
- Contract Date: December 17, 2024
- Other Notes: Contract amount and duration remain subject to potential changes based on project progress.
📈 2. [Professional Insight: What This Means for Investors]
This filing details a Performance-Based Logistics (PBL) supply contract executed between Hanwha Systems and the Defense Acquisition Program Administration (DAPA) for ground defense systems. Financially, the contract value of KRW 112.34B (incl. VAT) represents 4.58% of Hanwha Systems’ 2023 consolidated annual revenue (approx. KRW 2.45T).
The contract spans approximately 4 years and 9 months, running from December 17, 2024 to September 30, 2029. Payment schedules adhere to standard Defense Acquisition Program Act and Management of National Funds Act regulations. Given the nature of PBL contracts, terms and values remain subject to adjustments as project milestones progress.
📝 Editor’s Comment (by K-STOCK Editor)
The objective fact established in this disclosure is that Hanwha Systems secured a KRW 112.34B PBL contract with DAPA for K2 tank fire control systems, equivalent to 4.58% of its 2023 annual revenue.
Moving forward, the primary objective checkpoints for investors are tracking logistics support milestone execution through September 30, 2029, and observing any subsequent regulatory amendment filings. As the disclosure notes that values and durations may shift depending on progress, monitoring project implementation remains the 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).
Investment Risk Warning: This content is provided solely for informational and educational purposes. Under no circumstances does it constitute financial advice or a recommendation to buy or sell any specific stock. All investment decisions and financial responsibilities rest entirely with the individual investor.
Contact: For compliance inquiries or copyright requests, please contact ksb220805@gmail.com.
