Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Aerospace has signed a supply contract worth approximately KRW 371.4B with India’s Larsen & Toubro Limited (L&T) to supply components for the 2nd India K9 Self-Propelled Howitzer Export Project.
📊 [Key Disclosure Contents & Major Financial Figures]
1. Contract Details
- Contract Type: Product Supply
- Contract Name: India K9 Self-Propelled Howitzer 2nd Export Project (Component Supply)
- Contract Partner: Larsen & Toubro Limited (L&T)
- Sales/Supply Region: India
2. Contract Amount & Proportion to Revenue
- Contract Amount: KRW 371,353,400,000 (KRW 371.35B)
- Recent Annual Revenue: KRW 11,240,121,484,118 (2024 Consolidated Revenue)
- Proportion to Revenue: 3.3%
- Large Corporation Status: Applicable
3. Contract Terms & Duration
- Contract Period: April 03, 2025 – September 30, 2030
- Contract Date: April 03, 2025
- Payment Terms:
- (Advance Payment) 15% of total contract amount (payable within 7 days after L&T receives the advance payment from the Indian Ministry of Defence)
- (Remaining Balance) Paid according to the delivery schedule upon acceptance of delivered quantities
4. Other Key Matters
- The contract amount was converted to KRW using the base exchange rate of 1,467.80 KRW/USD from Seoul Money Brokerage as of April 03, 2025.
- Contract period and amount are subject to change during project execution.
- This disclosure serves as the finalized confirmation following the previous ‘Clarification on Rumors or Reports (Unconfirmed)’ disclosures filed on December 31, 2024, and January 24, 2025.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Advance Payment Receipt and Revenue Recognition Progress
This disclosure specifies a component supply agreement for India’s 2nd K9 project extending through September 2030. Tracking the timely collection of the 15% advance payment—which depends on L&T receiving funds from the Indian Ministry of Defence—as well as milestone-based remaining balances is important for evaluating how this project contributes to actual revenue and cash flows over time. Project milestones and changes in order backlog can be verified under the ‘Business Description (Order Status)’ section and financial statement footnotes in upcoming periodic reports.
📢 Disclaimer and Source Notice
Source: This content was newly generated and structured based on official data filed with the Financial Supervisory Service’s Data Analysis, Retrieval and Transfer System (DART).
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