[DISCLOSURE]
Hanwha Aerospace (012450) announced on Sept. 7 that its subsidiary Hanwha Systems has signed a 226.9 billion won (US$201.38 million) contract with Defense Acquisition Program Administration to supply 14 products including improved multi-functional Cheolmae-2 radars.
This amounts to 5.38 percent of its 2017 revenue and the contract is valid until March 20, 2023.
By Hwang You-mee (
glamazon@heraldcorp.com)