LIG Nex1 Wins 3.7 Tln-won Deal to Export Missile Defense System Cheongung-II to Iraq

SEOUL, Sept. 20 (Korea Bizwire) — LIG Nex1 Co., South Korea’s major defense firm, said Friday it has secured a 3.7 trillion-won (US$2.78 billion) contract with Iraq to export its Cheongung-II medium-range surface-to-air missile defense system. The deal was made with Iraq’s defense ministry, though specific financial details were withheld for security reasons, according to [...]