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THE INVESTOR
April 22, 2021

Market Now

LIG Nex1 cinches W131.4b deal with DAPA

  • PUBLISHED :December 20, 2018 - 08:42
  • UPDATED :December 20, 2018 - 08:42
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[DISCLOSURE] LIG Nex1 (079550) announced on Dec. 19 that it has signed a 72.2 billion won (US$63.92 million) contract with Defense Acquisition Program Administration to supply mobile mines. This amounts to 4.10 percent of its 2017 revenue and the contract is valid until Dec. 20, 2021. 

It also announced in a separate statement that it has signed a 59.2 billion won contract with DAPA to supply local air defense radars. This amounts to 3.36 percent of its 2017 revenue and the contract is valid until Dec. 31, 2021.

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