{"id":248065,"date":"2026-02-11T02:37:01","date_gmt":"2026-02-10T17:37:01","guid":{"rendered":"https:\/\/tenbizt.com\/en\/news\/uncategorized\/2026\/02\/11\/genoco-secures-6-14-billion-contract-2\/"},"modified":"2026-04-15T16:10:09","modified_gmt":"2026-04-15T07:10:09","slug":"genoco-secures-6-14-billion-contract-2","status":"publish","type":"post","link":"https:\/\/tenbizt.com\/en\/news\/military\/2026\/02\/11\/genoco-secures-6-14-billion-contract-2\/","title":{"rendered":"Genoco Secures \u20a96.14 Billion Contract for Military Satellite Communication Enhancement: What You Need to Know"},"content":{"rendered":"

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WASHINGTON \u2014 Aerospace and defense firm Genoco (NYSE: GNC) has inked a 6.15 billion KRW (4.61 million USD) contract with STX Engine for a project aimed at enhancing existing military satellite communication systems, the company announced Thursday. The deal, valued at 6.15 billion KRW (4.61 million USD), represents 10.81% of Genoco’s recent annual revenue of 56.8 billion KRW (42.6 million USD). The contract, set to run from February 9, 2026, to December 16, 2027, outlines key payment terms. An advance of 46.9% is scheduled for February 23, 2026, with the remaining 53.1% due upon delivery. As of Thursday afternoon, Genoco’s stock was trading at 27,150 KRW (20.36 USD), up 100 KRW (0.075 USD) from the previous close. Genoco’s latest financial report reveals total assets of 87.3 billion KRW (65.48 million USD), liabilities of 53 billion KRW (39.75 million USD), and equity of 34.3 billion KRW (25.73 million USD). The company posted revenue of 56.8 billion KRW (42.6 million USD) but reported an operating loss of 2.2 billion KRW (1.65 million USD) and a net loss of 3.1 billion KRW (2.33 million USD) for the fiscal year ending December 2024. The Virginia-based Genoco, which specializes in communication and broadcasting equipment for defense applications, went public on the KOSDAQ in March 2021.<\/p>\n

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Single Sales and Supply Contract<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
1. Contract Details<\/span><\/td>\nHigh-power amplifier and related equipment for military satellite communication system performance enhancement<\/span><\/td>\n<\/tr>\n
2. Contract Specifics<\/span><\/td>\nConditional Contract<\/span><\/td>\nNot Applicable<\/span><\/td>\n<\/tr>\n
Confirmed Amount<\/span><\/td>\n6,145,872,000<\/span><\/td>\n<\/tr>\n
Conditional Amount<\/span><\/td>\n–<\/span><\/td>\n<\/tr>\n
Total Contract Value (KRW)<\/span><\/td>\n6,145,872,000<\/span><\/td>\n<\/tr>\n
Recent Annual Revenue (KRW)<\/span><\/td>\n56,830,559,488<\/span><\/td>\n<\/tr>\n
Percentage of Revenue<\/span><\/td>\n10.81<\/span><\/td>\n<\/tr>\n
3. Contracting Party<\/span><\/td>\nSTX Engine Co., Ltd.<\/span><\/td>\n<\/tr>\n
– Recent Revenue (KRW)<\/span><\/td>\n724,609,807,886<\/span><\/td>\n<\/tr>\n
– Primary Business<\/span><\/td>\nEngine manufacturing and sales<\/span><\/td>\n<\/tr>\n
– Relationship to Genoco<\/span><\/td>\n–<\/span><\/td>\n<\/tr>\n
– Similar Contracts in Past 3 Years<\/span><\/td>\nNot Applicable<\/span><\/td>\n<\/tr>\n
4. Delivery Location<\/span><\/td>\nAs specified by prime contractor<\/span><\/td>\n<\/tr>\n
5. Contract Duration<\/span><\/td>\nStart Date<\/span><\/td>\n2026-02-09<\/span><\/td>\n<\/tr>\n
End Date<\/span><\/td>\n2027-12-16<\/span><\/td>\n<\/tr>\n
6. Key Terms<\/span><\/td>\nAdvance Payment<\/span><\/td>\nYes<\/span><\/td>\n<\/tr>\n
Payment Schedule<\/span><\/td>\n46.9% advance on 2026-02-23;
53.1% upon delivery (15th of delivery month)<\/span><\/td>\n<\/tr>\n
7. Production Method<\/span><\/td>\nIn-house<\/span><\/td>\nYes<\/span><\/td>\n<\/tr>\n
Outsourced<\/span><\/td>\nNo<\/span><\/td>\n<\/tr>\n
Other<\/span><\/td>\n–<\/span><\/td>\n<\/tr>\n
8. Contract Date<\/span><\/td>\n2026-02-09<\/span><\/td>\n<\/tr>\n
9. Disclosure Deferral<\/span><\/td>\nDeferral Period<\/span><\/td>\n–<\/span><\/td>\n<\/tr>\n
Reason for Deferral<\/span><\/td>\n–<\/span><\/td>\n<\/tr>\n
10. Additional Notes<\/span><\/td>\n<\/tr>\n
1. Revenue figures based on FY2024 results
2. Contract in KRW, excluding VAT
3. Duration and value subject to potential adjustments<\/span><\/td>\n<\/tr>\n
Related Disclosures<\/span><\/td>\n–<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

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Genoco has signed a contract with STX Engine worth approximately $61.5 million for military communication system enhancements.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_thumbnail_url":"https:\/\/contents-cdn.viewus.co.kr\/image\/2026\/02\/CP-2023-0397\/image-a31447d9-d51b-453a-81ca-58de0764bec5.jpeg","footnotes":""},"categories":[278104],"tags":[],"class_list":["post-248065","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-military"],"yoast_head":"\nGenoco Secures \u20a96.14 Billion Contract for Military Satellite Communication Enhancement: What You Need to Know<\/title>\n<meta name=\"description\" content=\"Genoco has signed a contract with STX Engine worth approximately $61.5 million for military communication system enhancements.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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