Fact Source: Financial Supervisory Service DART / 2024-07-09
Disclosure Type: Sales / Supply Contract
💡 Summary in 3 Seconds
Hanwha Systems has signed a supply contract worth KRW 1.195T (48.73% of 2023 revenue) with LIG Nex1 for ‘SA-MSAM Project Multifunction Radar Mass Production’, an export project for Cheongung-II MFR to Saudi Arabia running through March 26, 2034.
📊 1. [Key Disclosure Details & Financial Highlights]
- Contract Name: SA-MSAM Project Multifunction Radar Mass Production (SA-MSAM 사업 다기능레이더 분야 양산)
- Project Details: Export project for Cheongung-II Multifunction Radar to Saudi Arabia (사우디向 천궁-II 다기능레이다 수출 사업)
- Contract Amount: KRW 1,195,303,892,650 (approx. KRW 1.195T / KRW equivalent calculated using FX rate of 1,379.00 KRW/USD as of July 8, 2024)
- Relative Size to Revenue: 48.73% (Based on 2023 consolidated annual revenue of KRW 2.45T)
- Counterparty: LIG Nex1
- Supply Region: Domestic (Republic of Korea)
- Contract Period: July 8, 2024 ~ March 26, 2034 (approx. 9 years and 8 months)
- Contract Date: July 8, 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 sales and supply contract executed between Hanwha Systems and LIG Nex1. The contract title is ‘SA-MSAM Project Multifunction Radar Mass Production’, with notes specifying that the transaction constitutes the ‘Cheongung-II MFR export project to Saudi Arabia’.
Financially, the contract value of approx. KRW 1.195T represents an order equivalent to 48.73% of Hanwha Systems’ 2023 consolidated annual revenue (approx. KRW 2.45T). The contract spans approximately 9 years and 8 months, running from July 8, 2024 to March 26, 2034, with standard provisions noting that contract amount and duration remain subject to potential changes based on project progress.
📝 Editor’s Comment (by K-STOCK Editor)
The objective fact established in this disclosure is that Hanwha Systems secured a KRW 1.195T contract with LIG Nex1 for ‘SA-MSAM Project Multifunction Radar Mass Production’ related to the Cheongung-II MFR export to Saudi Arabia, representing 48.73% of its 2023 annual revenue.
Moving forward, the primary objective checkpoints for investors are tracking milestone execution over the multi-year timeline through March 26, 2034, and monitoring for any subsequent regulatory amendment filings. As the disclosure explicitly notes that contract terms may shift depending on progress, tracking implementation milestones 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).
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