Tag: LIG Nex1

LIG Nex1

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A live-fire drill involving the Cheongung-II air defense system is held during a Joint Chiefs of Staff drill at a location near the West Sea on Nov. 6, 2024. [NEWS1]

Korean interceptor system posts 96% success rate in UAE defense against Iranian strike

Korea’s medium-range surface-to-air missile Cheongung-II, deployed by the United Arab Emirates against Iranian missiles, made a successful battlefield debut by intercepting about 96 percent of designated targets.

2026.3.6

LIG Nex1's medium-range surface-to-air missile, the Cheongung, is launched near the West Sea in 2024. [JOINT CHIEFS OF STAFF]

As Iran war depletes Lockheed stockpiles, markets bet LIG Nex1’s missiles could fill gap

As the Iran war spreads to the airspace of neighboring nations, air defense systems are put to the test, potentially inducing a stockpile shortage that Korean firms could fill.

2026.3.3

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LIG Nex1's booth at the Doha International Maritime Defence Exhibition & Conference 2026 in Qatar, is seen in this photo provided by the company on Jan. 20. [YONHAP]

LIG Nex1 reports 2025 net income down 0.5 percent to $146.7 million

Lig Nex1 on Friday reported its 2025 net income at 211.7 billion won ($146.7 million), down 0.5 percent from a year earlier.

2026.2.13

A render of LIG Nex1's electronic warfare aircraft system proposed to the Korean Air Force [LIG NEX1]

LIG Nex1 inks $1B deal to develop Korea's first dedicated electronic warfare aircraft

Defense firm LIG Nex1 signed a 1.56 trillion won contract to develop the country’s first dedicated electronic warfare aircraft on Wednesday.

2025.12.25

LIG Nex1's low-cost guided imaging rocket, the Poniard, is mounted on a common unmanned surface vehicle at the Rim of the Pacific Exercise 2024, as a part of the U.S. Department of Defense's Foreign Comparative Testing program. [LIG NEX1]

LIG Nex1’s guided rocket makes mark in U.S. Navy test, eyes export breakthrough

South Korean firm LIG Nex1 passed a milestone in U.S. procurement with its low-cost guided rocket system, opening the door to a potential contract that would advance the firm's profile with the Pentagon.

2025.10.10

A Royal Australian Air Force E-7A Wedgetail electronic warfare (EW) aircraft, center, alongside a United States Navy EA-18G Growler, an EW aircraft based on the F/A-18F Super Hornet, flies over Guam on Feb. 10. [AFP/YONHAP]

As North Korean jamming threat grows, South's Air Force ups its electronic warfare game

The South Korean government believes that electronic warfare (EW) aircraft — designed to detect, disrupt and neutralize enemy signals such as radar and GPS — could emerge as a key future tactical asset.

2025.9.17

Consortiums prep bids for DAPA's $1.3B electronic warfare aircraft project

With Korea launching a 1.78 trillion won project to develop its own electronic warfare aircraft, the country's major defense and airline firms have teamed up to throw their hats into the ring.

2025.9.2

A render of LIG Nex1’s electronic warfare aircraft developed with Korean Air for the Air Force [LIG NEX1]

LIG Nex1 takes the latest in electronic warfare to the skies

LIG Nex1 CEO Shin Ik-hyun has announced that the company will participate in the Korean electronic warfare research and development (R&D) project as a system integrator.

2025.8.25

A K9 self-propelled howitzer made by Hanwha Aerospace is seen tearing through a desert in the Middle East on Feb. 2. [HANWHA AEROSPACE]

K-defense firms set to hit record Q1 sales, but Europe's wagon-circling risks growth

Korea four major defense firms are set to post nearly $6 billion in combined sales for the first quarter, but future growth may be throttled by a Europe looking to consolidate production strength.

2025.5.5

LIG Nex1's booth at the Black Sea Defense & Aerospace exhibition held in Romania in May this year. [NEWS1]

LIG Nex1 disqualified from Romania’s air defense bid over paperwork error

LIG Nex1, a major Korean defense firm, has been eliminated from competing in Romania's defense project to acquire short-range air defense systems due to a paperwork error and has filed an appeal, according to industry sources Tuesday.

2024.12.24