CONTEC Co.,Ltd KRW 4.5 billion supply contract for water resources satellite data collection devices
CAI summary · Not investment advice
A KRW 4.5 billion contract was signed with the Geum River Flood Control Office to build hydrological data collection devices, equal to 5.23% of recent revenue.
Contract amount
KRW 4.5 billion
Key facts
- Counterparty
- Geum River Flood Control Office, Ministry of Climate, Energy and Environment
- Contract details
- Construction of water resources communication satellite hydrological data collection devices
- % of revenue
- 5.23%
- Contract period
- Nov 4, 2026 – Dec 31, 2028
- Recent revenue
- KRW 86.9 billionBased on 2025 consolidated financial statements
- Supply region
- South Korea
- Payment terms
- Down payment/advance payment includedDown payment/advance payment included
- Contract date
- Nov 4, 2026
Commentary
AI commentary · Not investment advice
What happened
Contec signed a contract with the Geumgang Flood Control Office of the Ministry of Climate, Energy and Environment. The project is to build water resource data collection devices for a water resources communication satellite. The contract value is KRW 4.54 billion, and the supply region is South Korea.
In the company's terms
The contract value equals 5.23% of Contec's latest annual revenue of KRW 86.90 billion.
What changes for shareholders
The contract period runs until 2028.12.31. The payment terms include a down payment and an advance payment (money paid before the work is done).
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