Bigtec has signed a contract with Hanwha Systems to supply thermal imaging units for the K1E2 gunner's sight. The contract is worth approximately 8.1 billion won, equivalent to 9.78% of Bigtec's revenue in the most recent fiscal year.

Bigtec disclosed the news in a regulatory filing on the 19th. The contract amount is 8,120,312,400 won, which accounts for 9.78% of the company's most recent revenue of 82,956,728,421 won based on its consolidated financial statements at the end of 2025. The contract amount excludes value-added tax (VAT) and is a definitive contract, not a conditional one.

The counterparty, Hanwha Systems Co., Ltd., is engaged in the development, production, and sale of military equipment in the defense sector as well as information and communications technology (ICT) businesses. The sales and supply location is Hanwha Systems' Gumi plant.

The contract period runs from October 19, 2026, to December 7, 2027, with the signing date on October 19. Bigtec will supply the products through in-house production, and outsourced production does not apply.

Regarding payment terms, there is no down payment or advance payment, and the payment will be made in cash within 10 days after the delivery deadline. The liquidated damages rate has been set at 0.075%.

Bigtec stated that the contract amount, contract period, and other contract terms may be subject to change depending on future progress.