[Special Stock] LIG Nex1 Selected as Preferred Negotiator for Reconnaissance Unmanned Surface Vehicle… Up 9%

LIG Nex1 is rising more than 9% following the news that it has been selected as the final preferred negotiation partner for the reconnaissance unmanned surface vessel system development project announced by the Defense Acquisition Program Administration.

As of 10:14 AM on the 11th, LIG Nex1 is trading at 203,000 KRW, up 9.61% (17,800 KRW) from the previous trading day.

On this day, LIG Nex1 announced that it had been selected as the final preferred negotiation partner for the reconnaissance unmanned surface vessel system development project announced by the Defense Acquisition Program Administration.

LIG Nex1 has been developing the unmanned surface vessel Haegum series since 2015 and possesses unmanned surface vessel design and construction technology as well as unmanned system technology through accumulated research and development experience.

Researcher Yang Seung-yoon of Eugene Investment & Securities stated in a report yesterday, "Currently, the overseas order pipeline (products under development) includes multiple projects such as the U.S. Bigung, Romania Singung, and Malaysia Haegung, and there is also talk of the Iraq Cheongung," adding, "From the second half of the year onward, sales of the Middle East Cheongung guided missiles are expected to be gradually reflected, leading to steady and stable profit growth."