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Will LIG Nex1 deliver the first batch of Cheongung-II missile defense systems to Iraq by March 31, 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from LIG Nex1 or the Iraqi government
Story
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.
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