South Korean defense company LIG Nex1 signs $2.78bn Cheongung-II export contract with Iraq.

LIG Nex1, a South Korean defense company, has signed a $2.78 billion contract with Iraq to export its Cheongung-II medium-range surface-to-air missile defense system. This is the third export of the Cheongung-II, which is vital to South Korea's missile defense strategy against threats like North Korea. The contract reflects collaboration with the South Korean government and local defense firms, bolstering prospects for future defense exports in the region.

September 20, 2024
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