[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 (email@example.com