Hanwha Aerospace raises KF-21 initial-production parts contract with KAI to 531.4 billion won in amended agreement

Hanwha Aerospace filed a correction disclosure with the Financial Supervisory Service on October 22, 2026 raising the value of its contract with Korea Aerospace Industries to supply 17 types of initial mass-production parts for the KF-21 fighter from 473.1 billion won to 531.4 billion won, an increase of about 58.3 billion won, following a revised contract. The contract runs from November 25, 2024 to June 30, 2028 and now equals 5.68 percent of the reference-year consolidated revenue of Hanwha Aerospace, up from 5.06 percent; amounts include VAT. The amendment comes as KAI delivers the first Block I production aircraft to the Republic of Korea Air Force, with eight due by the end of 2026.