Fact Source: Financial Supervisory Service DART / 2024-12-27
Disclosure Type: Sales / Supply Contract
💡 Summary in 3 Seconds
Hanwha Systems has signed a supply contract worth KRW 82.2B with its largest shareholder, Hanwha Aerospace Co., Ltd., for the purchase of Egypt K9/K11 automatic fire control systems and C2 systems.
📊 1. [Key Disclosure Details & Financial Highlights]
- Contract Name: Egypt K9/K11 Automatic Fire Control System and C2 System Goods Purchase Contract
- Contract Amount: KRW 82,231,628,944 (VAT included / approx. KRW 82.2B)
- Relative Size to Revenue: 3.35% (Based on 2023 consolidated annual revenue of KRW 2.45T)
- Counterparty: Hanwha Aerospace Co., Ltd. (Relationship: Largest Shareholder)
- Supply Region: Domestic (Republic of Korea)
- Contract Period: December 26, 2024 ~ December 29, 2028 (approx. 4 years)
- Payment Terms: 90-day promissory note (Down payment/advance payment included)
- Contract Date: December 26, 2024
- Other Notes: Contract amount and duration remain subject to changes depending on project progress.
📈 2. [Professional Insight: What This Means for Investors]
This filing details an intercompany sales and supply contract executed between Hanwha Systems and its largest shareholder, Hanwha Aerospace Co., Ltd. Financially, the contract amount of KRW 82.2B (incl. VAT) represents 3.35% of Hanwha Systems’ 2023 consolidated annual revenue (approx. KRW 2.45T).
The contract period spans approximately 4 years, running from December 26, 2024 to December 29, 2028. Payment terms specify a 90-day promissory note schedule alongside advance payments, while noting that final terms remain subject to potential adjustment depending on execution progress.
📝 Editor’s Comment (by K-STOCK Editor)
The objective fact established in this disclosure is that Hanwha Systems secured an 82.2B contract with its largest shareholder to supply automatic fire control and C2 systems for Egypt, equivalent to 3.35% of its 2023 annual revenue.
Moving forward, the primary objective checkpoints for investors are tracking contract execution through the scheduled completion date of December 29, 2028, and monitoring for any subsequent regulatory amendment filings. As the disclosure notes that contract terms may shift depending on progress, tracking the implementation timeline 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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