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The Korea Herald
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THE INVESTOR
April 20, 2024

Market Now

Hanwha Systems bags W227b order from DAPA

  • PUBLISHED :September 10, 2018 - 09:11
  • UPDATED :September 10, 2018 - 09:11
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[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)

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