Source Facts: Financial Supervisory Service Electronic Disclosure System (DART) / 2025-12-08
Disclosure Type: (Amendment) Signing of Single Sales/Supply Contract (Voluntary Disclosure)
💡 3-Second Summary
This disclosure confirms that Hanwha Aerospace has officially set the estimated termination date for its ‘T-50 Series Parts Supply Contract’ with Korea Aerospace Industries (KAI), initially signed on July 18, 2022, to March 31, 2027.
📊 1. [Summary of Core Disclosure Content and Major Figures]
- Target Original Document & Initial Filing Date: Signing of Single Sales/Supply Contract (Voluntary Disclosure) / July 18, 2022
- Reason for Amendment: Amendment of the contract termination date
- Key Modification (Item / Before ▷ After):
- Contract Period Termination Date: Unlisted (-) ▷ 2027-03-31
- Contract Specifications (Based on Final Confirmed Figures):
- Contract Category and Project Title: Product Supply / T-50 Series Parts Supply Contract
- Contract Amount: KRW 78,285,000,000 (Approx. KRW 78.3B)
- Recent Annual Sales: KRW 6,415,087,932,347 (Based on the 2021 consolidated annual revenue)
- Ratio to Sales: 1.2%
- Large-Scale Corporation Status: Applicable
- Contract Counterparty and Supply Region: Korea Aerospace Industries, Ltd. (KAI) / Republic of Korea
- Contract (Order) Date: July 18, 2022
- Contract Period: July 18, 2022 – March 31, 2027
- Primary Contractual Terms:
- Down Payment / Advance Payment Status: Available (Yes)
- Payment Terms: Payment via 90-day maturity notes upon material delivery, in addition to advance and interim payments
- Other Important Matters for Investment Judgment:
- The stated termination date is an estimated date and remains subject to change during the execution process.
📈 2. [Expert View: What This Disclosure Means for Investors]
This regulatory filing documents the formalization of administrative timeline parameters rather than representing the acquisition of a new commercial order package or an extension of the existing agreement. Hanwha Aerospace continues to fulfill its T-50 series parts supply project with Korea Aerospace Industries (KAI), a contract valued at approximately KRW 78.3B, representing a 1.2% revenue contribution based on 2021 financials.
For investors, the primary utility of this disclosure is tracking the cash conversion cycle and operational continuity. The structural framework includes advance and interim payment clauses, which supports liquidity management; however, investors should note the specific settlement mechanism involving ’90-day maturity notes’ for material deliveries, which extends the actual cash receipt window beyond the delivery point. As the estimated termination date established in 2022 is now officially recorded as March 31, 2027, this disclosure clarifies the fulfillment horizon for this specific partnership. Because the structural metrics explicitly note that these timelines remain subject to execution variables, investors should track these provisions as dynamic operational baselines rather than definitive fixed certainties.
📝 Editor’s Comment (by K-STOCK Editor)
This announcement presents the finalized structural parameters and operational timelines for Hanwha Aerospace’s T-50 parts supply framework finalized with Korea Aerospace Industries (KAI). The critical variable that investors must monitor going forward is the ‘potential fluidity of the contract duration and the impact of the 90-day note settlement terms’ as explicitly outlined in the text.
As specified in the source filing, the current corrective disclosure establishes March 31, 2027, as the definitive estimated operational closure for the contract, while maintaining a structure where material deliveries are settled via notes. While the revenue contribution at 1.2% is relatively stable, the reliance on note-based settlements suggests specific working capital management requirements. Consequently, investors should focus entirely on cross-referencing future periodic updates to verify whether the supply milestones proceed according to these initial parameters through the first quarter of 2027, and monitoring whether any subsequent official adjustments to these baseline disclosures are submitted.
📢 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).
Investment Risk Notice: This content is provided solely for informational and linguistic reference purposes. 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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