Hanwha Systems announced on the 30th that it has been selected as the preferred bidder for the 'Miniature Satellite System SAR Cluster Satellite Development' project commissioned by the Agency for Defense Development (ADD).

■ Project Scale This project is a miniature synthetic aperture radar (SAR) cluster satellite development project. The disclosed contract amount is 334.97 billion won, excluding value-added tax (VAT), equivalent to 9.1% of Hanwha Systems' recent revenue. The recent revenue stated in the disclosure is 3.66415056802 trillion won based on the 2025 consolidated financial statements.

■ Future Schedule However, this disclosure concerns the selection of the preferred bidder, and the contract amount may change during the contract process. Hanwha Systems plans to announce the confirmed details upon signing the main contract through a 'Single Sale and Supply Contract' disclosure. Meanwhile, the fact-verification date for this disclosure is October 30, 2026, based on the bid opening date of the Public Procurement Service's Nara Market.