Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Systems has signed a contract worth approximately KRW 112.3B with the Defense Acquisition Program Administration for Performance-Based Logistics (PBL) for K2 Tank Fire Control Systems and 3 other items.
📊 [Key Disclosure Details & Financial Metrics]
- Contract Type: Other Sales/Supply Contract
- Contract Title: Performance-Based Logistics (PBL) for K2 Tank Fire Control System and 3 other items
- Contract Amount: KRW 112,343,000,000 (KRW 112.3B / VAT included)
- Recent Annual Revenue: KRW 2,453,079,541,922 (Based on 2023 consolidated financial statements)
- Revenue Ratio: 4.58%
- Counterparty: Defense Acquisition Program Administration (DAPA)
- Supply Region: Republic of Korea
- Contract Period: December 17, 2024 – September 30, 2029
- Payment Terms: Payments made in accordance with the Enforcement Decree of the National Treasury Management Act, Government Bidding and Contract Execution Standards, DAPA Advance Payment Conditions, Defense Acquisition Program Act, Regulations on Advance/Progress Payments, and the Enforcement Decree of the State Contracts Act
- Contract Date: December 17, 2024
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Contract Performance Progress and Financial Reflection
This long-term logistics and supply contract runs through 2029, and the contract amount or duration may be modified over time based on project developments as noted in the disclosure. Monitoring whether advance payments and contract settlements proceed smoothly according to contractual terms, as well as how they affect actual financial performance and financial position, is important for assessing the practical value of this contract. Details regarding contract execution progress and revenue reflection can be verified in future periodic filings (quarterly, half-year, and annual reports) and subsequent disclosures.
📢 Disclaimer & Source Notice
Source: This content was newly structured and generated based on official submission data from the Financial Supervisory Service’s DART system.
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