Fact Source: Financial Supervisory Service DART / KOSCOM
💡 3-Second Summary
This filing discloses an amendment to Hanwha Ocean’s contract with the Defense Acquisition Program Administration (DAPA) for constructing a surface ship (valued at KRW 443.5B), revising the contract end date from June 7, 2024, to “Pending” until remaining tests on the deep-submergence rescue vehicle are completed.
📊 [Key Disclosure Highlights & Summary]
- Filing Type: Sales and Supply Contract (Amendment)
- Initial Submission Date: December 7, 2018
- Reason for Amendment: Change in contract end date and addition of notes
- Key Revision:
- Contract Period (End Date): (Before) June 7, 2024 → (After) Pending
- Added Note: Remaining tests on the overseas-imported deep-submergence rescue vehicle are underway for quality and safety verification; an amended filing will be submitted once the delivery date is finalized after testing.
[Detailed Terms of Contract]
- Contract Classification: Construction Contract
- Contract Title: 1 Surface Ship
- Contract Amount: KRW 443,500,000,000 (KRW 443.5B; rounded to the nearest hundred million KRW)
- Recent Annual Revenue: KRW 11,101,800,000,000 (Based on FY2017 consolidated financial statements; rounded to the nearest hundred million KRW)
- Contract-to-Revenue Ratio: 4.0%
- Counterparty: Defense Acquisition Program Administration (DAPA) (Relationship: None)
- Supply Region: Domestic (South Korea)
- Revised Contract Period: December 6, 2018 – Pending
- Order Date: December 6, 2018
- Disclosure Deferral Details: None
- Other Material Notes: Contract period and final settlement amount are subject to change during construction.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Remaining Test Completion and Finalized Contract End Date Disclosure
This amendment changes the contract completion date to “Pending” due to ongoing tests on the imported deep-submergence rescue vehicle for a surface ship contract with DAPA, making it essential to monitor for subsequent corrective disclosures finalizing the delivery and end dates upon test completion. Verifying these developments is necessary because it serves as the benchmark to assess the final completion and timeline confirmation of defense vessel projects. Detailed updates can be confirmed through future amendment disclosures or regular financial reports (Quarterly, Semi-Annual, or Annual Business Reports).
📢 Disclaimer & Source Notice
Source: This content was newly structured based on official data submitted to the Financial Supervisory Service’s DART system and KOSCOM.
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