Hanwha Aerospace Amends KF-X Engine Supply Contract End Date, Final Amount and Schedule to Be Determined After Settlement

This amendment changes the end date of the KF-X system development engine supply contract initially signed in 2016 from June 30, 2026 to undetermined.
The reason for the amendment is a change in the contract termination schedule due to cost settlement, and the final contract amount and end date will be confirmed after the settlement contract is signed.
The contract amount of 241 billion KRW is less than 0.5% of Hanwha Aerospace's market capitalization, and this amendment is an administrative change with no significant impact on shareholder value.
This contract is a technical collaboration production project for the localization of engines for the Korean fighter jet KF-X, with the counterparty being Korea Aerospace Industries.
[AI Summary]Hanwha Aerospace's amendment to the KF-X engine supply contract end date is an administrative step due to delayed cost settlement, and the contract size is negligible relative to market cap, limiting its impact on the stock market. Investors should monitor the timing of the final settlement contract and terms.