SolDefense Secures KRW 3.19 Billion Self-Propelled Crossing Contract with Hanwha Aerospace, Contract Period Adjusted - Strengthening Revenue Stability

SolDefense has entered into a single sale and supply contract with Hanwha Aerospace for a self-propelled crossing project worth KRW 3,193,863,000. This represents 19.65% of its 2023 revenue of KRW 16,254,001,186.
The contract period runs from July 1, 2024 to June 5, 2027, with an amendment shifting the end date from July 5 to June 5, 2027.
Payment terms are cash within 10 days of closing, scheduled on the 10th, 20th, and 30th of each month.
This is a conditional contract; the amount may be adjusted after a cost re-estimation in 2027, with further disclosure if changed.
The long-term contract with a major defense company like Hanwha Aerospace is expected to contribute to SolDefense's stable revenue base.
[AI Summary]SolDefense secured a KRW 3.19 billion self-propelled crossing contract with Hanwha Aerospace, equal to 19.65% of its 2023 revenue, boosting revenue stability. The contract period adjustment is minor. The deal with a top-tier defense contractor enhances investor confidence despite being conditional.