Fact Source: Financial Supervisory Service DART / 2024-06-25
Disclosure Type: Sales / Supply Contract
💡 3-Second Summary
Hanwha Systems has signed a supply contract worth KRW 114.8B with the Defense Acquisition Program Administration (DAPA) for the KF-21 Initial Mass Production AESA Radar.
📊 1. [Key Disclosure Details & Financial Figures]
- Contract Title: KF-21 Initial Mass Production AESA Radar
- Contract Amount: KRW 114,798,000,000 (Zero-rated VAT applied) / Approx. KRW 114.8B
- Percentage of Recent Revenue: 4.68% (Based on 2023 consolidated revenue of KRW 2,453,079,541,922 / Approx. KRW 2.45T)
- Counterparty: Defense Acquisition Program Administration (DAPA)
- Sales / Supply Region: Domestic (South Korea)
- Contract Period: June 25, 2024 ~ September 30, 2027
- Key Terms: Contract amount and contract period are subject to change depending on project progress
📈 2. [Expert View: What This Disclosure Means for Investors]
This filing confirms that Hanwha Systems has finalized a supply contract for the “KF-21 Initial Mass Production AESA Radar” with DAPA.
The contract value of KRW 114.8B represents 4.68% of the company’s 2023 consolidated revenue. Given the contract period spanning from June 25, 2024, to September 30, 2027, the revenue is expected to be recognized incrementally over this timeframe based on execution progress. However, as noted in the disclosure, the actual contract terms, including total value and duration, may be modified depending on future project developments.
📝 Editor’s Comment (by K-STOCK Editor)
When reviewing sales and supply contract filings, it is essential to analyze the stated conditions, such as the contract timeframe and modification terms, alongside the headline deal size. This contract represents a domestic supply agreement to be executed over approximately 3 years and 3 months, ending in September 2027.
For investors, the key monitoring point is to track whether the contract proceeds as scheduled without structural amendments, while watching for any subsequent disclosures regarding potential adjustments to the contract amount or timeline as mentioned in the original filing.
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Source: This content was structured and newly generated based on official filing data from the Financial Supervisory Service’s DART system.
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