VICTEK Amends Payment Schedule for Submarine Electronic Warfare Equipment Contract with DAPA, No Change in Total Amount or Shareholder Value

VICTEK filed an amendment to its single sales and supply contract for submarine electronic warfare equipment BLQ-100K with the Defense Acquisition Program Administration DAPA, adjusting the payment terms.
The total contract value remains unchanged at 38.724 billion KRW, but the annual payment amounts for 2026 through 2028 have been revised based on the client's budget conditions.
This contract represents 70.49% of VICTEK's 2023 revenue of 54.9 billion KRW, providing a solid revenue base.
No treasury stock acquisition or cancellation events are associated with this disclosure, and there is no capital change or dilution for shareholders.
[AI Summary]This amendment to VICTEK's existing defense contract involves only a payment schedule revision with no change in total consideration, limiting direct impact on shareholder value. The high-credibility counterparty DAPA ensures revenue stability, though the contingent payment adjustments introduce minor risk.