SEOUL, September 23 (AJP) - South Korean defense firm LIG Nex1 said Tuesday it had signed an agreement with Airbus Defense and Space to expand collaboration on integrated air defense systems.
The agreement, finalized on Sept. 22 at LIG Nex1’s headquarters in Pangyo, Gyeonggi Province, builds on an earlier pact signed during the Seoul International Aerospace and Defense Exhibition in 2023.
Company officials said the latest deal aims to strengthen research in integrated air defense at home while boosting export projects in the Middle East and Southeast Asia, where demand for advanced missile defense systems has been rising.
Airbus Defense and Space, based in France, is one of Europe’s leading defense contractors, with expertise in aerospace technologies and military equipment.
LIG Nex1, meanwhile, has positioned itself as South Korea’s only defense manufacturer with a full spectrum of experience in air defense systems, from the medium-range Cheongung interceptor to the long-range L-SAM, a system often compared to the U.S.-made THAAD.
“With the rise of complex threats such as drones, ballistic missiles and long-range rockets, the need for a multi-layered, network-based integrated air defense system is growing,” LIG Nex1 said in a press release. “We hope this partnership will advance Korea’s capabilities while opening new opportunities in overseas markets.”
South Korea has recently struck multibillion-dollar arms agreements with Poland and other nations, positioning itself as one of the world’s fastest-growing defense suppliers amid heightened global demand.
* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
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