Source Fact: Financial Supervisory Service Electronic Disclosure System (DART) / 2025-03-11
Disclosure Type: Report on Amendment – Report on Single-day Sales or Supply Contract (Voluntary Disclosure)
💡 3-Second Summary
Hanwha Aerospace has submitted an amendment disclosure regarding its KRW 78,285,000,000 ‘T-50 component supply contract’ signed with Korea Aerospace Industries (KAI) on July 18, 2022, adjusting the initial contract end date (December 31, 2024) due to changes in the delivery schedule.
📊 1. [Summary of Core Disclosure Content and Key Figures]
- Overview of Initial Contract & Amendment:
- Initial Filing Date: 2022-07-18
- Amendment Filing Date: 2025-03-11
- Reason for Amendment: Adjustment of contract end date following changes in the delivery schedule
- Contract Specifications:
- Contract Category: Product Supply (Details: T-50 series component supply contract)
- Contract Amount: KRW 78,285,000,000
- Ratio to Recent Revenue: 1.2% (Based on the company’s 2021 consolidated revenue of KRW 6,415,087,932,347)
- Counterparty: Korea Aerospace Industries, Ltd. (KAI)
- Sales & Supply Territory: Republic of Korea
- Modification of Contract Period:
- Contract Start Date: 2022-07-18
- Contract End Date (Pre-amendment): 2024-12-31
- Contract End Date (Post-amendment): – (The post-amendment date field is indicated with a hyphen in the official text)
- Primary Contract & Payment Conditions:
- Contract Deposit & Advance Payment: Yes
- Payment Terms: In addition to advance and interim payments, a 90-day maturity promissory note is issued upon material delivery.
📈 2. [Expert Perspective: What This Disclosure Means for Investors]
This regulatory filing details an administrative modification to a contract valued at KRW 78,285,000,000, which Hanwha Aerospace initially secured in July 2022. The amendment addresses a timeline calibration following the expiration of the original completion window (previously December 31, 2024). The total consideration represented 1.2% of the company’s annual consolidated revenue at the time of the initial filing, indicating that the scale of this specific transaction is not a primary driver of sudden shifts in the company’s current financial fundamentals.
The core variable in this amendment is that the adjustment stems strictly from a “change in delivery schedule.” In the official text, the field for the revised end date contains a hyphen (-) rather than a specific calendar date, leaving the final definitive closing window unspecified in this document. Market participants should evaluate this filing based on the factual parameters—noting that the core contract structure, payment terms, and total monetary value remain intact without cancellations—and monitor prospective periodic financial updates for any subsequent administrative adjustments.
📝 Editor’s Comment (by K-STOCK Editor)
Hanwha Aerospace’s amended filing provides factual verification that the operational delivery timeline for its T-50 component supply contract with KAI has been restructured. The underlying transaction value of KRW 78,285,000,000 and its historical revenue proportion of 1.2% remain unchanged; the scope of this regulatory update is confined entirely to the modification of the chronological boundary originally set for December 31, 2024.
From an analytical standpoint, a distinct variable for market participants is the absence of an explicit calendar date in the post-amendment end date field. Because the regulatory text does not define the exact duration of the delivery extension, investors must avoid speculative conclusions regarding the transaction timeline and maintain a neutral observation posture based strictly on the provided text.
What to watch next includes verifying whether a follow-up amendment disclosure is published with a definitive calendar date for the contract completion, and tracking the remaining order backlog figures in the company’s upcoming periodic reports to observe the execution of the contract.
📢 Disclaimer & Source Information
Source: This content has been structured and newly written based on the official data submitted to the Electronic Disclosure System (DART) of the Financial Supervisory Service.
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