Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Systems has signed a supply contract worth approximately KRW 124.8B with the Defense Acquisition Program Administration (DAPA) for the initial mass production (remaining) of KF-21 AESA radars and 12 other items. This represents 4.45% of its 2024 consolidated revenue.
📊 [Key Disclosure Details & Financial Highlights]
- Contract Details
- Contract Type: Other Sales / Supply Contract
- Contract Title: KF-21 Initial Mass Production (Remaining) AESA Radar and 12 Other Items
- Contract Value: KRW 124,809,500,000 (approx. KRW 124.8B)
- Recent Annual Revenue (2024 Consolidated): KRW 2,803,686,058,274
- Contract-to-Revenue Ratio: 4.45%
- Large Scale Corporation Classification: Applicable
- Contracting Party & Region
- Counterparty: Defense Acquisition Program Administration (DAPA)
- Relationship with Company: Not specified (-)
- Sales/Supply Region: Republic of Korea
- Contract Period & Payment Terms
- Contract Period: June 26, 2025 ~ December 15, 2028
- Contract Signing Date: June 26, 2025
- Payment Terms:
- Down Payment / Advance Payment: Yes
- Payment Schedule: Pursuant to regulations on advance payments and intermediate payments in the defense industry
- Other Important Matters
- The contract value is subject to a zero tax rate.
- The contract value and duration are subject to change depending on project progress.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring Long-Term Contract Execution and Potential Term Changes
This disclosure concerns a defense supply contract with DAPA for KF-21 AESA radars and related equipment, equivalent to 4.45% of the company’s recent annual revenue. Monitoring project performance over the contract period (2025–2028) and checking for potential adjustments to contract terms or value is essential for understanding how this contract is reflected in actual profit and loss and financial standing. Related progress can be reviewed in future periodic filings, such as quarterly, half-year, and annual reports.
📢 Disclaimer & Source Information
Source: This content was structured and generated based on official filings from the Financial Supervisory Service’s DART system.
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