LIG Nex1 Signs 154.9 Billion KRW Contract with Defense Acquisition Program Administration

[Asia Economy Reporter Kwon Jaehee] LIG Nex1 announced on the 11th that it has signed a contract with the Defense Acquisition Program Administration of the Republic of Korea for the development of the Light Torpedo-II system worth 154.863 billion KRW. This amount corresponds to 8.5% of the sales revenue in 2021. The contract period is from August 11, 2022, to July 28, 2029.