FIBERPRO Extends Supply Contract with Hanwha Aerospace for Inertial Measurement Unit Materials by 2 Years 7 Months... Revenue Stability Enhanced

FIBERPRO amended its supply contract with Hanwha Aerospace for materials for OO-grade inertial measurement units for export, extending the end date from July 10, 2026 to February 10, 2029.
The contract value is approximately 17.9 billion KRW, representing 92.33% of FIBERPRO's 2023 consolidated revenue, securing long-term revenue stability.
The counterparty, Hanwha Aerospace, is a leading domestic defense company with high creditworthiness, ensuring transaction safety.
[AI Summary]This contract extension strengthens FIBERPRO's long-term order backlog in its core business, enhancing medium- to long-term revenue visibility. The relationship with a large blue-chip customer is positive for stock price stability and opens potential for additional orders.