South Korean company LIG Nex1 inks USD163 mn counter battery radar system deal
South Korean aerospace and defense company LIG Nex1 announced on September 3 it signed a supply contract connected to the Korean military counter-battery radar system II program. The contract signed with Defense Acquisition Program Administration is valued at 181 billion won (USD 163.1 million), which represents 10.3 percent of the company’s revenue last year. Full rate production should be met by 2020.
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| LIG Nex1 counter-battery radar (Picture source: gunduun.com) |
