Hanwha Engine (KRX:082740) said it secured a 128.9 billion won supply contract for marine engines with affiliate Hanwha Ocean (KRX:042660), according to a Friday filing with the Korean Exchange.
The contract covers engine supply for vessels to be built by the affiliate between Aug. 28, 2026, and Oct. 8, 2029.
The company will receive an advance payment of 20%, with the remaining 80% payable upon delivery, and the contract value represents 9.4% of its 2025 sales.
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