April 17, 2024
Market Now
LIG Nex1 receives W81b order from DAPA
[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)
