Source Facts: Financial Supervisory Service Electronic Disclosure System (DART) / 2025-12-22
Disclosure Type: Signing of Single Sales/Supply Contract
💡 3-Second Summary
This disclosure confirms that Hanwha Aerospace has signed an amended contract worth approximately KRW 3.2T with the Polish government for the ‘K9 Howitzers 1st Executive Contract’, representing a substantial volume equivalent to 49.96% of its recent annual sales recorded at the initial contract signing point.
📊 1. [Summary of Core Disclosure Content and Major Figures]
- Contract Category and Project Title: Product Supply / [Amended Contract] Poland K9 Self-Propelled Howitzer 1st Executive Contract
- Contract Specifications (Unit: KRW / Ratio: %):
- Contract Amount: KRW 3,204,755,575,435
- Recent Annual Sales: KRW 6,415,087,932,347
- Ratio to Sales: 49.96%
- Large-Scale Corporation Status: Applicable
- Contract Counterparty and Supply Region: Government of Poland / Poland
- Contract Period and Dates:
- Contract (Order) Date: August 26, 2022
- Contract Period Commencement Date: August 26, 2022
- Contract Period Termination Date: November 30, 2028
- Primary Contractual Terms:
- Down Payment / Advance Payment Status: Available (Yes)
- Payment Terms:
- Advance Payment: 30% paid upon submission of advance payment collateral and invoice
- Balance Payment: Paid within 30 days after submitting agreed-upon delivery documents
- Other Important Matters for Investment Judgment:
- This filing serves as a follow-up to the ‘Other Management Matters (Voluntary Disclosure) (Major Management Matters of a Subsidiary)’ reported on August 29, 2022, re-disclosing updates driven by the finalization of an amended contract.
- The original contracting party, Hanwha Defense Co., Ltd., merged into Hanwha Aerospace in November 2022, shifting the primary contractual obligations to the company.
- The contract consideration was converted into KRW applying the Seoul Money Brokerage trading standard exchange rate of 1,336.90 KRW/USD recorded on the initial contract signing date (August 26, 2022).
- The above ‘2. Contract Specifications-Recent Annual Sales (KRW)’ represents the consolidated revenue of Hanwha Aerospace for 2024, which is the most recent fiscal year at the initial contract signing point of 2021.
- The stated execution period and contract value remain subject to change during the execution process.
📈 2. [Expert View: What This Disclosure Means for Investors]
This regulatory filing documents the formal finalization of an amended single sales and supply agreement that outlines specific contract metrics and long-term execution structures. Hanwha Aerospace has confirmed an order package valued at approximately KRW 3.2T with the Polish government, a fact supported by the quantitative metric showing it constitutes 49.96% of the revenue baseline designated in the text. This project has been active since the initial agreement signing in August 2022, and the current document acts as a subsequent disclosure reporting structural modifications applied to the active framework.
Observations of the historical parameters indicate that the original contracting entity, Hanwha Defense Co., Ltd., was completely absorbed by Hanwha Aerospace through a corporate merger executed in November 2022, legally transferring all primary contractual duties directly to the surviving firm. The financial structure contains a defined payment setup to regulate cash flow intervals, mandating an advance capital allocation of 30% collected upon the introduction of specific collateral and invoice sheets, followed by final balance clearings fulfilled within 30 days post-submission of agreed-upon delivery documents. The timeline schedules the execution window across a multi-year horizon starting August 26, 2022, and extending through November 30, 2028. However, because the reported KRW volume was calculated using the fixed conversion rate of 1,336.90 KRW/USD on the initial contract date, and the structural metrics explicitly note that the contract period and monetary figures remain subject to change during execution, investors should track these designated textual provisions accordingly.
📝 Editor’s Comment (by K-STOCK Editor)
This announcement presents the structural parameters and operational timelines for Hanwha Aerospace’s engine and howitzer supply framework finalized with the Polish government. The critical variable that investors must monitor going forward is the ‘potential fluidity of the contract values and durations during execution’ as explicitly outlined in the text.
As specified in the source filing, the designated allocation of KRW 3.2T is a translation tied to the historical conversion rate of 1,336.90 KRW/USD recorded on August 26, 2022, meaning both the total consideration and fulfillment window can undergo modifications during the ongoing process. The structural design establishes defined boundaries for receiving a 30% advance payment under specific collateral and tracking final balances settled within 30 days after document verification. Consequently, investors should focus strictly on cross-referencing future periodic updates to verify whether project milestones proceed according to these initial parameters through November 30, 2028, and tracking 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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