Vitze Nextech has signed a contract worth 53.5 billion won with Hanwha Aerospace to manufacture engine components for the Korea Space Launch Vehicle (Nuri).

According to Vitze Nextech on the 6th, the contract covers the manufacturing and supply of engine components for the advanced Korea Space Launch Vehicle (Nuri) flights FM7, FM8, FM9, FM10, and FM11. The contract (order) date was determined based on the date of confirmation of Hanwha Aerospace's purchase order.

• *[Contract Scale and Period]**
• Contract Amount: 53.5 billion won (53,500,000,000 won, exclusive of VAT)
• Ratio to Revenue: This order represents 145.42% of Vitze Nextech's standalone revenue from the previous year (2025), which amounted to 3,679,098,927 won.
• Contract Period: From August 6, 2026, to November 30, 2029 (the contract end date is aligned with the completion of the FM11 project).

• *[Payment Terms and Other Conditions]**
• Payment Terms: For FM7 engine components, an advance payment of 70% and a balance of 30% will apply. For FM8 through FM11, payments will be made with an advance payment of 20% and a balance of 80%.
• Liquidated Damages Rate: A rate of 0.075% applies to each project.

Vitze Nextech plans to supply the products through a combination of in-house and outsourced production. The company also added that the contract amount and period may be subject to change during the course of the project.