Source Fact: Financial Supervisory Service DART / 2024-08-22
Disclosure Type: Sales and Supply Contract (Correction)
💡 3-Second Summary
Hanwha Aerospace has updated its supply contract with the Defense Acquisition Program Administration (DAPA) for T-50 engine repair parts PBL (3rd Phase), increasing the total value by KRW 10.6 billion from KRW 178.8 billion to KRW 189.4 billion.
📊 1. [Key Disclosure Content & Key Figures Summary]
- Target Company: Hanwha Aerospace (Stock Code: 012450)
- Filing Classification: Correction Report (Initial Filing Date: December 16, 2021)
- Reason for Correction: Amendment to reflect increase in contract amount (Amendment Date: August 22, 2024)
- Contract Title: T-50 Engine Repair Parts PBL (3rd Phase)
- Counterparty: Defense Acquisition Program Administration (DAPA)
- Corrected Figures:
- Contract Amount (Before): KRW 178,800,382,017 (approx. KRW 178.8B)
- Contract Amount (After): KRW 189,407,616,017 (approx. KRW 189.4B / +KRW 10.6B increase)
- Recent Annual Revenue: KRW 5,321,444,270,673 (approx. KRW 5.32T, based on 2020 consolidated financial statements)
- Ratio to Revenue (Before → After): 3.4% → 3.6%
- Contract Period: December 14, 2021 – July 31, 2025
- Sales/Supply Territory: Republic of Korea
- Major Terms: Supply contract for repair parts, support equipment, and materials for T-50 trainer aircraft engines
📈 2. [Expert Insight: What This Disclosure Means for Investors]
This filing is an official correction regarding the ‘T-50 Engine Repair Parts PBL (3rd Phase)’ contract originally disclosed on December 16, 2021, reflecting a revised agreement signed on August 22, 2024.
The total contract value has been adjusted upward by approximately KRW 10.6 billion, from KRW 178.8 billion to KRW 189.4 billion, raising its proportion relative to 2020 consolidated revenue from 3.4% to 3.6%. The contract covers parts and support supply through its scheduled completion on July 31, 2025. Investors can treat this disclosure as an objective numerical adjustment to an ongoing order during its execution lifecycle.
📝 Editor’s Comment (by K-STOCK Editor)
Hanwha Aerospace signed an amended agreement on August 22, 2024, raising the contract value of its T-50 engine repair parts supply deal with DAPA from KRW 178.8B to KRW 189.4B.
From an analytical standpoint, key items to monitor include the execution of the adjusted total contract amount (KRW 189.4B) through the contractual end date of July 31, 2025, and tracking whether any subsequent corrective filings are submitted over the remainder of the performance period.
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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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