LIG Nex1 surged 14% to close at 526,000 won, equivalent to $388.09 on Friday, ... Saudi Arabia and Iraq for their growing air defense needs in recent years.

LIG Nex1 inks $3.2 bn missile defense deal with Saudi Arabia LIGNex1's mid-range surface-to-air missile Cheongung II Iraq has decided to import South Korean-made mid-range surface-to-air missile ...

LIG Nex1 achieves over 10% profit margin, ... increasing compared to the end of last year. This includes 3.7 trillion won from the Cheongung export project won in Iraq, ...

Hanwha and LIG Nex1 have agreed to collaborate, but no visible outcomes have emerged yet. Both Hanwha and LIG Nex1 are seeking to lead the negotiations with Iraq.

LIG Nex1, which has been participating in the trade show since 2009, ... The company secured export deals for the Cheongung-II system from Iraq, Saudi Arabia and the UAE in the past.

Of these, Thailand, Iraq, and Indonesia are using sub-variants of the T-50 trainer version, ... reports said South Korean defense firm LIG Nex1 would be indigenously developing a radar, ...

LIG Nex1 also secured its first export contract for the Cheongung-II surface-to-air guided missile system, agreeing to deliver eight batteries to Iraq. Following pricing negotiations with Hanwha ...

Baghdad (IraqiNews.com) – The Iraqi Minister of Defense, Thabet Al-Abbasi, revealed on Monday that Iraq developed the capabilities of drones. Al-Abbasi made these statements at a ceremony ...

Baghdad (IraqiNews.com) – The Iraqi Minister of Defense, Thabet Al-Abbasi, revealed on Monday that Iraq developed the capabilities of drones. Al-Abbasi made these statements at a ceremony ...

LIG Nex1 won the Defense Acquisition Program Administration (DAPA) contract for the project to develop the reconnaissance USV, which is valued at 39.86 billion KRW (US$274 million). The project is ...