Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Aerospace updated its disclosure to reflect an increase in the contract value from approximately KRW 178.8B to KRW 189.4B for its T-50 engine repair parts PBL (3rd phase) contract with DAPA.
📊 [Key Disclosure Details & Summary of Figures]
- Company Name: Hanwha Aerospace Co., Ltd.
- Ticker Symbol: 012450
- Disclosure Type: Single Sales/Supply Contract (Corrected Disclosure)
- Disclosure Date: 2024-08-22 (Original Disclosure Date: 2021-12-16)
- Contract Title: T-50 Engine Repair Parts Performance-Based Logistics (PBL, 3rd Phase)
- Contract Counterparty: Defense Acquisition Program Administration (DAPA)
Key Corrections (Before Correction → After Correction):
- Contract Amount: KRW 178.80B (KRW 178,800,382,017) → KRW 189.41B (KRW 189,407,616,017)
- Ratio to Revenue: 3.4% → 3.6% (Based on 2020 consolidated revenue of KRW 5,321,444,270,673)
- Amendment to Remarks: Revised the modification agreement date to August 22, 2024
Other Details:
- Contract Classification: Product Supply (Supply of repair parts, support equipment, and materials for T-50 trainer aircraft engines)
- Sales/Supply Region: Republic of Korea
- Contract Period: 2021-12-14 ~ 2025-07-31
- Original Contract Date: 2021-12-14
- Modification Contract Date: 2024-08-22
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring Increased Contract Execution and Expiration Timeline
This corrected disclosure reflects an upward revision in total contract value to approximately KRW 189.4B following a revised agreement with DAPA for T-50 engine PBL services. Verifying that the increased contract amount is steadily recognized as revenue over the remaining contract period (until July 31, 2025) is essential for assessing its direct contribution to top-line performance. Revenue recognition and backlog updates can be tracked in the “Business Overview – Order Status” section of upcoming Periodic Reports.
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Source: This content was newly structured and generated based on official submission data from the Financial Supervisory Service’s Data Analysis, Retrieval and Transfer System (DART).
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