Fact Source: Financial Supervisory Service DART
💡 Executive Summary
Hanwha Aerospace filed a corrective disclosure for its 120mm self-propelled mortar follow-on mass production contract with the Defense Acquisition Program Administration (DAPA), adjusting the contract value from KRW 507.93B to KRW 507.47B and extending the contract end date by one year to December 31, 2026.
📊 [Key Disclosure Contents & Summary of Figures]
- Company Name: Hanwha Aerospace Co., Ltd. (Stock Code: 012450)
- Disclosure Type: (Correction) Execution of Single Sales or Supply Contract
- Disclosure Date: 2025-08-21
- Original Disclosure Filing: Execution of Single Sales or Supply Contract (Original Submission Date: 2022-12-26)
- Reason for Correction: Amendment of contract amount and period due to execution of a modified contract
[Correction Details]
- Contract Amount: (Before Correction) KRW 507,931,150,000 → (After Correction) KRW 507,468,936,774 (Reduced by approx. KRW 462M)
- Contract End Date: (Before Correction) December 31, 2025 → (After Correction) December 31, 2026 (Extended by 1 year)
[Key Contract Details]
- Contract Type: Goods Supply
- Contract Name: Follow-on Mass Production of 120mm Self-propelled Mortar
- Contract Amount: KRW 507,468,936,774 (Approx. KRW 507.47B)
- Recent Annual Sales: KRW 6,415,087,932,347 (Based on FY2021 consolidated sales at original contract date)
- Ratio to Recent Sales: 7.9%
- Contracting Party: Defense Acquisition Program Administration (DAPA)
- Sales/Supply Territory: South Korea
- Original Contract Date: 2022-12-26 (Modified Contract Date: 2025-08-21)
- Updated Contract Period: 2023-10-31 ~ 2026-12-31
- Key Terms: Advance payment included (Yes)
[Other Key Considerations]
- Large Corporation Status: Applicable
- Contract amount and period are subject to change during execution.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Contract Extension and Production Execution
This corrective filing reflects a modified contract signed with DAPA on August 21, 2025, extending the execution period for the 120mm self-propelled mortar mass production through the end of 2026 alongside a minor value adjustment. Tracking ongoing delivery schedules and revenue recognition across the updated timeline is essential to understanding the fulfillment of this agreement. Investors can confirm further details in subsequent disclosures and upcoming periodic filings (Annual, Half-Year, or Quarterly Reports).
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