Panhum Fuel Cell Signs 6.4 Billion Won Contract with Defense Acquisition Program Administration to Supply 'Submarine Fuel Cell System'
Panhum Fuel Cell announced on the 20th that it has signed a contract with the Defense Acquisition Program Administration (DAPA) to manufacture and supply a subm
Panhum Fuel Cell announced on the 20th that it has signed a contract with the Defense Acquisition Program Administration (DAPA) to manufacture and supply a submarine fuel cell system.
- *[Key Contract Details]**
- Counterparty: Defense Acquisition Program Administration
- Contract Amount: 6,439,090,909 won (excluding VAT)
- Contract Date: July 20, 2026
- Contract Period: July 10, 2026 – July 21, 2028
The contract amount is equivalent to 14.85% of the company's most recent consolidated revenue (43,361,093,941 won) as of the end of 2025.
The project will be carried out domestically, utilizing a combination of in-house and outsourced production. Subject to contract terms, advance payments may be made upon request by the counterparty in accordance with relevant laws and DAPA regulations.
The company stated, "The contract details may change depending on future economic conditions and other factors, and we will issue a correction disclosure if any changes occur."
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