LIG Nex1 Secures 3.7 tln-won ($2.8 Billion) Missile Defense Deal with Iraq

Sep 20, 2024, 12:11 AM

South Korea's LIG Nex1 has secured a significant contract to export its Cheongung-II missile defense system to Iraq. The deal, valued at approximately 3.7 trillion won (around $2.8 billion), marks a substantial milestone for the South Korean defense manufacturer. The agreement underscores the growing defense ties between South Korea and Iraq, with the Cheongung-II system expected to enhance Iraq's missile defense capabilities.