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THE INVESTOR
March 01, 2021

Market Now

LIG Nex1 receives W81b order from DAPA

  • PUBLISHED :December 27, 2018 - 17:03
  • UPDATED :December 27, 2018 - 17:03
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[DISCLOSURE] LIG Nex1 (079550) announced on Dec. 27 that it has signed a 81.04 billion won (US$72.32 million) contract with Defense Acquisition Program Administration to supply 30mm hybrid anti-aircraft firearms. 

This amounts to 4.60 percent of its 2017 revenue and the contract is valid until Dec. 30, 2024.

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

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