Source Fact: Financial Supervisory Service DART / 2024-05-09
Disclosure Type: Sales and Supply Contract Realization
💡 3-Second Summary
Hanwha Aerospace has officially signed a supply contract valued at KRW 950.51 billion—representing 10.16% of its recent annual revenue—with Public Procurement Service (end-user: KARI) to lead the manufacturing of next-generation launch vehicles.
📊 1. [Key Disclosure Content & Key Figures Summary]
- Target Company: Hanwha Aerospace Co., Ltd. (Stock Code: 012450)
- Contract Title: Lead Manufacturing of Launch Vehicle for Next-Generation Launch Vehicle Development Project (Goods Supply)
- Key Contract Figures:
- Total Contract Amount: KRW 950,510,494,800 (approx. KRW 950.51B, VAT included)
- Recent Annual Revenue: KRW 9,359,005,981,309 (approx. KRW 9.35T, based on 2023 consolidated statements)
- Contract Ratio to Revenue: 10.16%
- Large-scale Corporation Status: Applicable
- Contract Counterparty: Public Procurement Service (Demand Agency: Korea Aerospace Research Institute – KARI)
- Sales & Supply Territory: Republic of Korea
- Contract Structure & Major Terms: Long-term continuing contract spanning 2024 to 2032
- Total Contract Period: May 09, 2024 – December 31, 2032 (approx. 8 years and 8 months)
- 1st Phase Contract Amount: KRW 2,710,000,000 (KRW 2.71B / Period: May 09, 2024 – November 05, 2024)
- Subsequent Phase Contracts: Expected to be signed within the remaining amount of KRW 947,800,494,800 according to the client’s budget execution plan
- Contract (Order) Date: May 09, 2024
- Important Notes: Contract terms including period and amount are subject to potential adjustments during execution, with corrected filings to be issued upon major changes.
📈 2. [Expert Insight: What This Disclosure Means for Investors]
This filing serves as formal notification that Hanwha Aerospace has executed a prime manufacturing contract with Public Procurement Service on behalf of KARI for the Next-Generation Launch Vehicle Development Project.
The total umbrella contract value stands at approximately KRW 950.51 billion, accounting for 10.16% of the company’s 2023 consolidated revenue, structured as a multi-year continuing contract running through December 31, 2032. The initial first-phase commitment is set at KRW 2.71 billion, with the remaining KRW 947.80 billion expected to be formalized across subsequent sub-contracts aligned with the client’s budget execution plans. Market participants should verify the execution of subsequent phase contracts according to the disclosed structure over the project lifecycle.
📝 Editor’s Comment (by K-STOCK Editor)
Hanwha Aerospace has officially secured the primary manufacturing contract for South Korea’s next-generation launch vehicle project. The total project value is KRW 950.51B (10.16% of revenue), with execution extending through December 31, 2032.
From an analytical standpoint, given the multi-year phase structure, the main focus is tracking the execution of subsequent sub-contracts following the initial KRW 2.71B tranche in accordance with client budget plans. Additionally, investors should monitor for any corrective disclosures regarding potential schedule or contract value modifications during execution.
📢 Disclaimer & Source Notice
Source: This content was newly structured and created based on official data submitted to the Financial Supervisory Service’s DART system.
Investment Risk Warning: 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 entirely with the investor.
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