Source Fact: Financial Supervisory Service DART / 2024-07-10
Disclosure Type: Sales and Supply Contract Realization
💡 3-Second Summary
Hanwha Aerospace has officially signed a supply contract worth approximately KRW 1.38 trillion—representing 14.77% of its recent annual revenue—with the Romanian Ministry of National Defense for K9 self-propelled howitzers, support equipment, and ammunition.
📊 1. [Key Disclosure Content & Key Figures Summary]
- Target Company: Hanwha Aerospace Co., Ltd. (Stock Code: 012450)
- Contract Title: Supply Contract for K9 Self-Propelled Howitzers to Romania (Goods Supply)
- Key Contract Figures:
- Contract Amount: KRW 1,382,776,395,729 (approx. KRW 1.38T)
- Recent Annual Revenue: KRW 9,359,005,981,309 (approx. KRW 9.35T, based on 2023 consolidated statements)
- Contract Ratio to Revenue: 14.77%
- Large-scale Corporation Status: Applicable
- Contract Counterparty: Romanian Ministry of National Defense (C.N. Romtehnica S.A.)
- Sales & Supply Territory: Romania
- Key Terms: Supply of K9 self-propelled howitzers, support equipment, ammunition, etc.
- Contract Period: July 09, 2024 – July 09, 2029 (approx. 5 years)
- Contract (Order) Date: July 09, 2024
- Important Notes:
- Applied Exchange Rate: 300.43 KRW/RON (Seoul Money Brokerage rate as of July 9, 2024)
- This filing confirms the previously unconfirmed disclosures regarding Romania exports
- Contract period and amount are subject to potential changes during execution
📈 2. [Expert Insight: What This Disclosure Means for Investors]
This filing serves as the final confirmation notice for the K9 self-propelled howitzer export to Romania, which was previously disclosed as unconfirmed.
The total contract value stands at approximately KRW 1.38 trillion, accounting for 14.77% of the company’s 2023 consolidated revenue, with execution scheduled over a 5-year period through July 9, 2029. As equipment, support systems, and ammunition deliveries progress according to the stated terms, the contract is likely to be recognized in financial results sequentially over time. Investors can monitor the execution milestones and track any potential corrective disclosures reflecting adjustments to contract value or schedule.
📝 Editor’s Comment (by K-STOCK Editor)
Hanwha Aerospace has finalized a supply agreement with Romania’s Ministry of National Defense valued at KRW 1.38T (14.77% of revenue) for K9 self-propelled howitzers. The contract was signed on July 9, 2024, with execution spanning five years through July 9, 2029.
From an analytical standpoint, key checkpoints include monitoring the progressive delivery and revenue recognition timeline across the specified 5-year window, as well as tracking potential corrected filings should contract values or schedules be amended during execution, as noted in the filing terms.
📢 Disclaimer & Source Notice
Source: This content was newly structured and created based on official data submitted to the Financial Supervisory Service’s DART system.
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