Fact Source: Financial Supervisory Service DART / 2024-06-18
Disclosure Type: Sales / Supply Contract
💡 3-Second Summary
Hanwha Systems has signed a supply contract worth approximately KRW 142.1B with the Defense Acquisition Program Administration (DAPA) for the ’24 Tactical Information Communication Network (TICN) System PBL Project.
📊 1. [Key Disclosure Details & Financial Figures]
- Contract Title: ’24 Tactical Information Communication Network (TICN) System PBL Project
- Contract Amount: KRW 142,062,000,000 (including VAT) / Approx. KRW 142.1B
- Percentage of Recent Revenue: 5.79% (Based on 2023 consolidated revenue of KRW 2,453,079,541,922 / Approx. KRW 2.45T)
- Counterparty: Defense Acquisition Program Administration (DAPA)
- Sales / Supply Region: Domestic (South Korea)
- Contract Period: June 18, 2024 ~ April 30, 2029
- Key Terms: Contract amount and contract period are subject to change depending on project progress
📈 2. [Expert View: What This Disclosure Means for Investors]
This filing confirms that Hanwha Systems has secured a supply contract with DAPA for the “’24 Tactical Information Communication Network (TICN) System PBL Project”.
The contract value of KRW 142.1B represents 5.79% of the company’s 2023 consolidated revenue. Spanning approximately 4 years and 10 months from June 18, 2024, to April 30, 2029, the revenue is set to be recognized incrementally over the contract duration based on project execution. As noted in the filing, the total contract value and timeframe remain subject to potential adjustments as the project progresses.
📝 Editor’s Comment (by K-STOCK Editor)
When evaluating sales and supply contract filings, it is important to examine the total deal size alongside the execution schedule and potential modification clauses. This disclosure outlines a domestic long-term contract with DAPA scheduled to be executed over approximately 4 years and 10 months.
For investors, the key monitoring point is tracking whether the contract moves forward within the designated timeframe without structural revisions. Additionally, paying attention to any subsequent regulatory disclosures regarding potential modifications to the contract amount or duration will serve as a primary reference point.
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Source: This content was structured and newly generated based on official filing data from the Financial Supervisory Service’s DART system.
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