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It is Raining Deals for LIG Nex1 at the Show

Our Bureau - : Oct 19, 2023 - : 6:17 pm

South Korean missile defense systems provider LIG Nex1 is having a Show to remember.

On the first day, the company announced a technology exchange initiative with Indonesia’s state-led military equipment manufacturer, Republikorp. The deal refers to technology exchange for the Raybolt short Anti-Tank Guided Munition Systems project that aims to enhance missile capabilities targeting armored threats.

Also on the opening day, the company and German-Swedish missile maker Taurus Systems signed a contract to co-develop an upgraded Taurus KEPD 350K-2 air-to-ground cruise missile. The initiative is aimed primarily at the FA-50 light fighter’s export market . The missile will be designed for launch from the air to strike terrestrial targets.

On the second day of the Show, the company signed an agreement Airbus Defense & Space for cooperation in the field of space. The partnership between the two companies, which is focused on satellite services, aeronautics and advanced air defense, will see LIG Nex1 playing a key role in the country’s evolving space programs.

LIG Nex1 also signed a deal with Germany’s Diehl Defense for the local manufacture and maintenance of the IRIS-T missile. The agreement assumes significance in the light of the fact that the system is compatible with KAI’s indigenous KF-21 Boramae supersonic fighter jet.

Another success came the Korean defence powerhouse’s way as it signed a memorandum of understanding with Northrop Grumman in the fields of avionics, electronic warfare techniques and enhanced surveillance applications.

At the Show, LIG Nex1 is showcasing its entire range of products and technological innovations. Especially eyecatching are the Korean Air Launched Cruise Missile (KALCM), the jamming-resistant Korean GPS Guided Bomb and the FA-50 radar system.


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