Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Aerospace filed a correction regarding its KF-X system development engine supply contract with Korea Aerospace Industries (KAI), updating the contract schedule due to the ongoing cost settlement process.
📊 [Key Disclosure Contents & Summary of Major Figures]
- Disclosure Type: (Correction) Sales and Supply Contract
- Original Disclosure Filing Date: June 27, 2016
- Reason for Correction: Change in contract end date schedule due to cost settlement (Final contract amount and end date will be fixed after executing the settlement contract)
- Contract Name: KF-X System Development Engine
- Contract Category: Goods Supply
- Counterparty: Korea Aerospace Industries
- Supply Region: Republic of Korea
- Contract Amount: KRW 241,020,571,000 (approx. KRW 241.02B, excluding VAT)
- Recent Annual Revenue (FY2015 Consolidated): KRW 2,613,405,506,139 (approx. KRW 2.61T)
- Contract Amount to Revenue Ratio: 9.2%
- Contract Period:
- Start Date: June 24, 2016
- End Date: (Before) June 30, 2026 ➔ (After) Unspecified (-)
- Contract (Order) Date: June 24, 2016
- Key Terms: Down payment / Advance payment present
- Other Important Matters:
- Technical cooperation production project to localize engines under the KF-X development program replacing aging ROKAF fighters (F-4, F-5)
- System developer is Korea Aerospace Industries; Hanwha Aerospace is the engine localization contractor
- Re-disclosure will be made if further changes occur depending on progress and cost settlement outcomes
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Finalized Contract Amount and End Date via Cost Settlement
This filing reflects an adjustment removing the fixed contract end date (previously June 30, 2026) while cost settlement procedures are carried out for the KF-X engine development contract originally signed in 2016. Checking the updated final contract value and finalized completion date upon execution of the settlement agreement is important to understand the conclusive financial outcome of this supply deal. Relevant updates can be verified in subsequent corrected disclosures and the ‘Major Contracts’ section of upcoming periodic reports.
📢 Disclaimer & Source Information
Source: This content was newly structured and created based on official submission data from the Financial Supervisory Service DART.
Investment Risk Notice: This content is provided for informational and language reference purposes only. Under no circumstances does it constitute financial advice or a recommendation to buy or sell specific stocks. All investment decisions and financial responsibilities rest solely with the investor.
Contact: For compliance inquiries or copyright requests, please contact ksb220805@gmail.com.
