Fact Source: Financial Supervisory Service DART / 2024-12-13
Disclosure Type: Sales / Supply Contract
💡 Summary in 3 Seconds
Hanwha Systems has signed a supply contract worth KRW 197.13B (8.04% of 2023 revenue) with the Defense Acquisition Program Administration (DAPA) for the KDX-II Modernization Combat System System Development Project and 1 other item, running through December 31, 2033.
📊 1. [Key Disclosure Details & Financial Highlights]
- Contract Name: KDX-II Modernization Combat System System Development Project and 1 Other Item
- Contract Amount: KRW 197,133,000,000 (VAT included / approx. KRW 197.13B)
- Relative Size to Revenue: 8.04% (Based on 2023 consolidated annual revenue of KRW 2.45T)
- Counterparty: Defense Acquisition Program Administration (DAPA)
- Supply Region: Republic of Korea
- Contract Period: December 13, 2024 ~ December 31, 2033 (approx. 9 years)
- Key Contract Terms: Subject to payment terms under Special Contract Conditions (down payment/advance payment excluded)
- Contract Date: December 13, 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 defense electronics supply contract executed between Hanwha Systems and the Defense Acquisition Program Administration (DAPA) for naval combat system development. Financially, the contract value of KRW 197.13B (incl. VAT) represents 8.04% of Hanwha Systems’ 2023 consolidated annual revenue (approx. KRW 2.45T).
The contract spans approximately nine years, running from December 13, 2024 to December 31, 2033. Payment schedules adhere to standard Management of National Funds Act and Defense Acquisition Program Act regulations. Given the long-term nature of defense system development, 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 197.13B contract with DAPA for naval combat system development, equivalent to 8.04% of its 2023 annual revenue.
Moving forward, the primary objective checkpoints for investors are tracking milestone execution over the multi-year development timeline through December 31, 2033, 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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