Source Facts: Financial Supervisory Service Electronic Disclosure System (DART) / 2025-12-24
Disclosure Type: (Amendment) Signing of Single Sales/Supply Contract
💡 3-Second Summary
This regulatory filing is an amendment disclosure confirming that the ‘TA-50 Block2 Engine and 7 Other Items’ supply contract signed with the Defense Acquisition Program Administration (DAPA) in 2019 has been finalized, adjusting the total contract value from KRW 172.6B to KRW 181.1B and setting the contract termination date to December 24, 2025.
📊 1. [Summary of Core Disclosure Content and Major Figures]
- Target Original Document & Initial Filing Date: Signing of Single Sales/Supply Contract / December 30, 2019
- Reason for Amendment: Contract termination following the execution of the final settlement agreement
- Key Modifications (Item / Before ▷ After):
- Contract Amount: KRW 172,602,300,000 ▷ KRW 181,142,451,229 (An increase of KRW 8,540,151,229)
- Ratio to Sales: 3.88% ▷ 4.07%
- Contract Period Termination Date: – ▷ 2025-12-24
- Contract Specifications (Based on Final Confirmed Figures):
- Contract Category and Project Title: Product Supply / TA-50 Block2 Engine and 7 Other Items
- Recent Annual Sales: KRW 4,453,176,623,308 (Based on the 2018 consolidated annual revenue)
- Large-Scale Corporation Status: Applicable
- Contract Counterparty and Supply Region: Defense Acquisition Program Administration (DAPA) / Republic of Korea
- Contract Period: December 27, 2019 – December 24, 2025
- Contract (Order) Date: December 27, 2019
- Primary Contractual Terms: Down payment / Advance payment exists (Yes) / Payment terms are unlisted (-)
- Modification of Other Important Matters for Investment Judgment:
- The previous cautionary note stating ‘The details may change depending on future progress and will be re-disclosed if changes occur’ has been officially deleted upon final settlement.
📈 2. [Expert View: What This Disclosure Means for Investors]
This regulatory filing documents the formal finalization of a historical supply agreement rather than representing the acquisition of a new commercial order package. It chronicles the definitive closure metrics of the engine supply project executed with the Defense Acquisition Program Administration (DAPA) over a multi-year baseline since December 2019. According to the structural metrics registered in the text, the signing of the final settlement contract has adjusted the total consideration upward by approximately KRW 8.5B, locking the final value at KRW 181,142,451,229. Consequently, the historical revenue contribution metric for the 2018 base period has been updated from 3.88% to 4.07%.
The primary administrative update is that the contract termination date, which was previously left open, is now officially established as December 24, 2025. This indicates that all localized delivery procedures and financial clearings associated with the contract have reached formal completion. Furthermore, because the updated text completely removes the previous cautionary notes regarding potential future changes, investors should treat this filing as a closed financial parameter, indicating that additional valuation fluidity or execution timeline extension risks regarding this specific project have been resolved.
📝 Editor’s Comment (by K-STOCK Editor)
This announcement presents the finalized contractual allocations and operational durations for Hanwha Aerospace’s TA-50 Block2 engine domestic supply framework concluded with the South Korean government authority. The critical variable that investors must monitor going forward is the ‘confirmed structural modifications applied through the execution of the final settlement’ as explicitly outlined in the text.
As specified in the source filing, the current corrective disclosure reflects a net upward adjustment of approximately KRW 8.5B against the initial contract value, while simultaneously solidifying December 24, 2025, as the definitive termination date. Given that the clauses reserving potential fluidity in contract execution terms have been entirely removed from the report, investors should focus strictly on tracking this filing as the definitive conclusion of the project, verifying that the stated metrics represent the final closed allocations.
📢 Disclaimer and Source Information
Source: This content has been structured and newly written based on the official data submitted to the Financial Supervisory Service Electronic Disclosure System (DART).
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