LIG Nex1 Secures Major Export Deals for Korea

LIG Nex1 has made significant strides in the global market with its recent major export deals. The company has been actively expanding its presence abroad.

In 2022, LIG Nex1 secured a major export deal with a foreign country, marking a significant milestone in the company's export history. This deal was a major coup for the company.

LIG Nex1's export success can be attributed to its high-quality products and excellent customer service. The company's commitment to innovation and customer satisfaction has earned it a reputation as a reliable partner in the global market.

LIG Nex1 has been awarded a contract by South Korea's Defense Acquisition and Program Administration worth 330.6 billion won (U.S. $246.9 million) to develop a new naval surface-to-air missile.

The company is required to complete development of the Ship-to-Air Missile-II by 2030, with a goal of achieving a localization rate of more than 90% on the missile.

LIG Nex1 is the prime contractor for the project, which aims to equip six next-generation KDDX destroyers due to enter service by 2036.

The Ship-to-Air Missile-II is expected to replace the SM-2, a missile that South Korea has cumulatively purchased 625 of to arm its destroyers.

The new missile will have an active sensor to seek North Korea's aircraft and new cruise missiles flying in their sea-skimming phase.

LIG Nex1 is the 52nd largest defense contractor in the world based on defense revenue, according to Defense News' Top 100 list.

LIG Nex1's annual revenue was $479.2 million in 2025.

The company's financial performance is a significant aspect of its overall success. LIG Nex1's annual revenue was $479.2 million in 2025.

This figure indicates a substantial growth in the company's revenue over the years.

LIG Nex1 has a relatively small workforce, with 591 people employed at the company. This suggests a lean and focused approach to operations.

The company's employment numbers are a good indicator of its size and scope.

South Korea's LIG Nex1 has secured a substantial $3.2 billion deal to export mid-range surface-to-air missiles (M-SAM II) to Saudi Arabia.

This deal is a testament to the company's expertise in developing advanced missile defense systems. The M-SAM II is a state-of-the-art system that offers enhanced capabilities against various threats.

LIG Nex1's mid-range surface-to-air missile, Cheongung II, has already been selected by Iraq in a $2.6 billion deal, demonstrating its market demand and effectiveness.

The company's success in exporting its missile defense system to Saudi Arabia is a significant milestone in the global defense industry. It showcases the company's ability to deliver high-quality products to international customers.

South Korea will also deploy a new air defense system, similar to Israel's Iron Dome, to counter North Korean artillery attacks. This move highlights the country's commitment to enhancing its defense capabilities.

The $3.2 billion deal is a substantial boost to LIG Nex1's revenue and reinforces its position as a leading player in the global defense market.

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The CFO of LIG Nex1 is 이영철.

To ensure the smooth operation of a company, having a skilled and experienced CFO like 이영철 is crucial.

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Employment numbers at LIG Nex1 are quite modest, with only 591 people employed.

LIG Nex1's workforce is relatively small.

This means that the company likely has a flat organizational structure.

LIG Nex1 has a specific number of employees, which is 591.

This could be beneficial for decision-making and communication within the company.

The company's employment numbers are not publicly disclosed for other organizations mentioned in this article.

LIG Nex1 is based in Yongin-si, Gyeonggi-do.

If you're considering working for LIG Nex1, it's worth noting that the company's location can impact your daily commute and overall work-life balance.

LIG Nex1 is a South Korean defense company that's been making waves in the industry. They're known for their cutting-edge technology and innovative products.

The company's roots date back to 2009, when it was established as a joint venture between LIG Group and Nex1. Since then, they've been working tirelessly to develop and manufacture advanced defense systems.

Their portfolio includes a range of products, from naval systems to air defense systems.

Hanwha Systems is preparing to challenge LIG Nex1 in the Korean missile defense industry.

Hanwha Systems is a defense affiliate of South Korea's Hanwha Group, a powerful conglomerate.

This move could upend a decades-long tacit division of labor between the two companies.

LIG Nex1 has long been a dominant player in South Korea's missile defense industry.

Hanwha Systems Co. is now looking to muscle in on this strategic stronghold.

South Korea will deploy a new air defense system, similar to Israel's Iron Dome, to counter North Korean artillery attacks.

This system is being deployed earlier than previously planned due to increasing tensions along the border.

The new air defense system will provide a crucial layer of protection for the country.

South Korea has awarded a contract to LIG Nex1 to develop a new naval surface-to-air missile. The contract is worth 330.6 billion won (U.S. $246.9 million).

The new weapon, dubbed Ship-to-Air Missile-II, will equip six next-generation KDDX destroyers due to enter service by 2036. It will greatly improve ship survivability from increasing anti-aircraft threats.

LIG Nex1 is required to complete development of the Ship-to-Air Missile-II by 2030, with a goal of achieving a localization rate of more than 90% on the missile. This means that South Korea will become less reliant on the U.S. for its surface-to-air missiles.

The Ship-to-Air Missile-II will have an active sensor to seek North Korea's aircraft and new cruise missiles flying in their sea-skimming phase. It will be loaded on KDDX, the Republic of Korea Navy's indigenous next-generation mini-Aegis destroyer.

The Navy has cumulatively purchased 625 RTX-made SM-2 missiles to arm its destroyers. By developing this new indigenous missile, South Korea will improve its response capabilities to North Korean antiaircraft threats.

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Korean firm LIG Nex1 has been eliminated from a Romanian procurement project to acquire short-range air defense systems due to a "paperwork error".

LIG Nex1 has filed an appeal against the decision, which is a common step for companies facing similar situations.

The error was the reason for LIG Nex1's elimination from the tender, not the quality of their system or their company.

The Romanian procurement project is a significant one, and LIG Nex1's elimination is a setback for the company.

For more insights, see: Procurement Outsourcing Companies

The NAICS code is a crucial identifier for businesses, and understanding what it means can be super helpful. The NAICS code for LIG Nex1 is 928, 92, 9281, and 92811.

These codes are specific to the industry and technology sector, where LIG Nex1 operates. LIG Nex1's NAICS codes are a way to categorize and identify their business.

NAICS codes are used to classify businesses based on their type and industry. This helps with data collection, research, and policy-making.

Understanding NAICS codes can be useful for businesses and individuals looking to work with or partner with companies in specific industries.

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South Korea is developing an artillery projectile interception system called Low Altitude Missile Defense (LAMD), which aims to surpass Israel's Iron Dome.

This system is designed for low-speed targets, and its development is a significant step in enhancing South Korea's defense capabilities.

The LAMD system is being developed by South Korea's Defense Acquisition Program Administration (DAPA), which is responsible for acquiring and developing military technology.

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The goal of LAMD is to provide a more effective defense against artillery attacks, which is a major concern for South Korea given its proximity to North Korea.

LAMD is expected to be a game-changer in the field of missile defense, and its development is a testament to South Korea's commitment to investing in cutting-edge technology.

The LAMD system will likely be a key component of South Korea's defense strategy, providing a robust and reliable way to protect against low-altitude missile threats.

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South Korea has launched a mass production project for an advanced reconnaissance UAV, marking a significant step in the country's defense capabilities. This project is led by Director Eom Dong-hwan of the Defense Acquisition Program Administration (DAPA).

The project aims to produce advanced reconnaissance UAVs, which will play a crucial role in enhancing South Korea's military surveillance and reconnaissance capabilities.

The initiative demonstrates South Korea's commitment to investing in cutting-edge defense technology and its ability to execute large-scale projects.