Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Ocean updated the completion date for its KRW 443.5B naval vessel construction contract with the Defense Acquisition Program Administration (DAPA) from March 26, 2024, to June 7, 2024.
📊 [Key Disclosure Contents & Major Figures Summary]
- Disclosure Type: (Correction) Single Sales/Supply Contract
- Initial Disclosure Date: 2018-12-07
- Reason for Correction: Revision of contract end date
[Details of Revision]
- Contract Period (End Date):
- Before Correction: 2024-03-26
- After Correction: 2024-06-07
[Contract Details]
- Contract Type: Construction Contract (1 Naval Vessel)
- Contract Amount: KRW 443.5B (KRW 443,500,000,000)
- Recent Annual Revenue: KRW 11.10T (KRW 11,101,800,000,000, based on FY2017 consolidated financial statements)
- Contract Value to Revenue Ratio: 3.99% (approx. 4.0%)
- Counterparty: Defense Acquisition Program Administration (DAPA)
- Supply Region: Domestic (South Korea)
- Contract Period: 2018-12-06 ~ 2024-06-07
- Order Date: 2018-12-06
[Other Key Information]
- The contract end date is based on Hanwha Ocean’s vessel delivery plan and may subject to changes during consultations with DAPA.
- The contract period and final settlement amount are subject to change during construction.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Delivery Completion by the Revised Contract End Date
This disclosure correction reflects an extension of the contract completion date to June 7, 2024, based on the delivery schedule for the naval vessel construction contract with DAPA. Verifying whether the vessel delivery is finalized without disruption by the revised end date is important for determining whether the defense contract is properly completed. Further updates can be tracked through subsequent regulatory disclosures or regular periodic reports (Quarterly, Half-Yearly, or Annual Reports).
📢 Disclaimer & Source Information
Source: This content was 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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