Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Systems has signed a contract worth approximately KRW 186.7B with the Defense Acquisition Program Administration to supply combat systems for Ulsan-class Batch-IV (Frigates 1 and 2) and 8 other items.
📊 [Key Disclosure Details & Financial Metrics]
- Contract Type: Other Sales/Supply Contract
- Contract Title: Combat System for Ulsan-class Batch-IV (Frigates 1 and 2) and 8 other items
- Contract Amount: KRW 186,688,000,000 (KRW 186.7B / Zero-rated VAT applied)
- Recent Annual Revenue: KRW 2,453,079,541,922 (Based on 2023 consolidated financial statements)
- Revenue Ratio: 7.61%
- Counterparty: Defense Acquisition Program Administration (DAPA)
- Supply Region: Republic of Korea
- Contract Period: December 19, 2024 – December 27, 2030
- Payment Terms: Payments made in accordance with the Defense Acquisition Program Act, regulations on advance and progress payments, and the Enforcement Decree of the State Contracts Act
- Contract Date: December 19, 2024
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Contract Performance Progress and Financial Reflection
This long-term supply contract runs through 2030, and the contract amount or schedule may change depending on project developments as noted in the filing. Checking whether the contract proceeds as planned and how it is reflected in actual financial results and financial position is important for understanding the practical impact of this contract. Details regarding contract execution progress and revenue recognition can be verified through future periodic reports (quarterly, half-year, and annual reports) and subsequent regulatory 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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