Fact Source: Financial Supervisory Service DART / 2024-12-19
Disclosure Type: Sales / Supply Contract
💡 Summary in 3 Seconds
Hanwha Systems has signed a supply contract worth KRW 186.69B (7.61% of 2023 revenue) with the Defense Acquisition Program Administration (DAPA) for the Ulsan-Class Batch-IV (Ships 1 & 2) combat system and 8 other items, running through December 27, 2030.
📊 1. [Key Disclosure Details & Financial Highlights]
- Contract Name: Ulsan-Class Batch-IV (Ships 1 & 2) Combat System and 8 Other Items
- Contract Amount: KRW 186,688,000,000 (approx. KRW 186.69B / Zero-rated VAT applied)
- Relative Size to Revenue: 7.61% (Based on 2023 consolidated annual revenue of KRW 2.45T)
- Counterparty: Defense Acquisition Program Administration (DAPA)
- Supply Region: Republic of Korea
- Contract Period: December 19, 2024 ~ December 27, 2030 (approx. 6 years)
- Key Contract Terms: Subject to payment conditions under Special Contract Conditions (down payment/advance payment excluded)
- Contract Date: December 19, 2024
- Other Notes: Contract amount and duration remain subject to potential changes based on project progress.
📈 2. [Professional Insight: What This Means for Investors]
This filing details a naval system supply contract executed between Hanwha Systems and the Defense Acquisition Program Administration (DAPA). Financially, the contract value of KRW 186.69B represents 7.61% of Hanwha Systems’ 2023 consolidated annual revenue (approx. KRW 2.45T).
The contract spans approximately six years, running from December 19, 2024 to December 27, 2030. The contract qualifies for zero-rated VAT, and payment schedules adhere to standard Defense Acquisition Program Act regulations. Given the long-term execution horizon, contract terms and values remain subject to adjustments as project milestones progress.
📝 Editor’s Comment (by K-STOCK Editor)
The objective fact established in this disclosure is that Hanwha Systems secured a KRW 186.69B contract with DAPA for naval combat systems, equivalent to 7.61% of its 2023 annual revenue.
Moving forward, the primary objective checkpoints for investors are tracking milestone execution over the multi-year timeline through December 27, 2030, and observing any subsequent regulatory amendment filings. As the disclosure notes that values and durations may shift depending on progress, monitoring project implementation remains the reference point.
📢 Disclaimer & Source Notice
Source: This content was newly structured and written based on official data submitted to the Financial Supervisory Service’s Data Analysis, Retrieval and Transfer System (DART).
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