Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Systems has signed a supply contract worth approximately KRW 157.9B with its largest shareholder, Hanwha Aerospace Co., Ltd., for the 4th mass production purchasing contract of K21 Infantry Fighting Vehicles (CP24113). This represents 6.44% of its 2023 consolidated revenue.
📊 [Key Disclosure Details & Financial Highlights]
- Contract Details
- Contract Type: Other Sales / Supply Contract
- Contract Title: K21 Infantry Fighting Vehicle 4th Mass Production Purchasing Contract (CP24113)
- Contract Value: KRW 157,914,266,106 (approx. KRW 157.9B)
- Recent Annual Revenue (2023 Consolidated): KRW 2,453,079,541,922
- Contract-to-Revenue Ratio: 6.44%
- Large Scale Corporation Classification: Applicable
- Contracting Party & Region
- Counterparty: Hanwha Aerospace Co., Ltd.
- Relationship with Company: Largest Shareholder
- Sales/Supply Region: Republic of Korea (Domestic)
- Contract Period & Payment Terms
- Contract Period: March 31, 2025 ~ September 15, 2028
- Contract Signing Date: March 31, 2025
- Payment Terms:
- Down Payment / Advance Payment: Yes
- Payment Terms: 90-day promissory note
- Other Important Matters
- The contract value includes Value-Added Tax (VAT).
- The contract value and duration are subject to change depending on project progress.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring Affiliated Party Contract Execution and Potential Term Changes
This disclosure concerns a supply contract for K21 Infantry Fighting Vehicles with largest shareholder Hanwha Aerospace Co., Ltd., equivalent to 6.44% of the company’s recent annual revenue. Verifying project progress over the contract period (2025–2028), as well as tracking potential adjustments to contract terms or value, serves as a key follow-up checkpoint. 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.
Investment Risk Warning: This material 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 stocks. All investment decisions and financial responsibilities rest entirely with the investor.
Contact: For compliance inquiries or copyright concerns, please contact ksb220805@gmail.com.
