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THE INVESTOR
April 22, 2021

Market Now

LIG Nex1 inks W133b deal with Hanwha Defense

  • PUBLISHED :December 19, 2018 - 14:46
  • UPDATED :December 19, 2018 - 14:46
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[DISCLOSURE] LIG Nex1 (079550) announced on Dec. 18 that it has signed a 84.3 billion won (US$75.01 million) contract with Hanwha Defense Systems to supply 30mm hybrid anti-aircraft firearms. This amounts to 4.79 percent of its 2017 revenue and the contract is valid until Dec. 29, 2024.

It has also signed a 48.6 billion won contract with the same company for a depot maintenance service, it said in a separate statement. 

By Hwang You-mee (glamazon@heraldcorp.com)

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