SensorView announced that it has signed a supply contract with Hanwha Systems Co., Ltd. for the 'Export to Saudi Arabia: MSAM-II MFR Array Antenna Assembly and 3 Other Items.'

■ Amount Equal to 14.54% of Revenue… Won-Denominated Contract, VAT-Exclusive Amount

The contract amount is 2,764,800,000 won, equivalent to 14.54% of recent revenue of 19,015,844,360 won (consolidated revenue as of the fiscal year ending December 31, 2025). The contract is denominated in won, and the contract amount excludes value-added tax (VAT).

According to the disclosure, the counterparty Hanwha Systems' main businesses are IT services and the production and sale of defense equipment. SensorView has a track record of executing similar contracts with Hanwha Systems over the past three years, and the sales and supply method covers both in-house production and outsourced production.

■ Work to Begin on August 18, 2026… Scheduled to End on April 17, 2030

The contract period runs from August 18, 2026 to April 17, 2030. The start date is the date on which both companies completed signing the contract, and the end date is a scheduled date determined in consideration of the expected payment receipt schedule after delivery. The company plans to file a corrective disclosure if the schedule changes later.

■ Contract Deposit Not Yet Received… Amount and Period May Change if Options Are Exercised

Key contract terms include an advance payment in cash and payment conditions of 10, 20, and 31 days after the closing of purchase confirmations. The penalty rate for delay is 0.075%.

As of the disclosure, the contract deposit has not yet been received. The company stated that it will file a corrective disclosure after receiving the deposit, and that the contract amount and period may change in the future depending on the exercise of contract options.