Fact Source: Financial Supervisory Service DART / 2025-12-17
Disclosure Type: Signing of Sales or Supply Contract
💡 3-Second Summary
Hanwha Systems has signed a supply contract with the Agency for Defense Development (ADD) for the “M-SAM Block-III System Development Multi-Function Radar Prototype.” The contract value is approximately KRW 200.6B (excl. VAT), representing 7.15% of recent annual revenue.
📊 1. [Key Disclosure Contents & Summary Metrics]
- Contract Title: M-SAM Block-III System Development Multi-Function Radar Prototype
- Contract Category: Other Sales/Supply Contract
- Contract Value: KRW 200,563,636,365 (Approx. KRW 200.6B / Excluding VAT)
- Recent Annual Revenue: KRW 2,803,686,058,274 (FY2024 Consolidated Basis)
- Ratio to Revenue: 7.15%
- Counterparty: Agency for Defense Development (ADD)
- Supply Territory: Republic of Korea
- Contract Period: December 17, 2025 – June 30, 2030 (Approx. 4.5 years)
- Key Contract Terms:
- Down Payment / Advance Payment: Yes
- Payment Terms: Payments executed in accordance with defense industry regulations on advance and interim payments
- Contract Date: December 17, 2025
- Important Notes: Contract value and period are subject to change depending on project execution.
📈 2. [Expert View: What This Disclosure Means for Investors]
This filing is a regulatory sales/supply contract disclosure reporting that Hanwha Systems has secured a new defense contract with the Agency for Defense Development (ADD) for the M-SAM Block-III Multi-Function Radar prototype development.
The document records a total contract value of approximately KRW 200.6B (excluding VAT), which equals 7.15% of the company’s FY2024 consolidated revenue. The execution period spans approximately 4.5 years, running from December 17, 2025, through June 30, 2030. Reflecting standard defense procurement terms, payments will follow defense industry guidelines regarding advance and milestone disbursements. Market participants can reference the disclosed contract duration and financial parameters as presented.
📝 Editor’s Comment (by K-STOCK Editor)
A sales and supply contract disclosure records order backlog additions that support future revenue recognition.
For readers, the primary follow-up checkpoint is noting that execution is scheduled through mid-2030 and tracking potential contract modifications or schedule updates in future regulatory filings as development progresses.
📢 Disclaimer & Source Notice
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).
Investment Risk Warning: This content is provided for informational and language reference purposes only. Under no circumstances does it constitute financial advice or a recommendation to buy or sell specific securities. All investment decisions and financial responsibilities rest solely with the investor.
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