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Name | LIG Nex1 Co., Ltd. |
Industry | Defense industry |
LIG Nex1 Co., Ltd. (formerly known as NEX1 Future and LG Innotek ) is a South Korean aerospace manufacturer and defense company. It was established in 1976 as Goldstar Precision . LIG Nex1 is previously owned by LIG Holdings Company, which in turn is owned by the LIG Group. In 2013, a consortium led by South Korea private equity firm STIC Investments acquisition of a 49 percent stake in LIG Nex1 for 420 billion Korean won. It develops and produces a wide range of advanced precision electronic systems, including missile, underwater weapon systems, radars, electronic warfare, avionics, tactical communication systems, fire control systems, naval combat systems, and electro-optics. It is one of the major suppliers of weapon systems for the Republic of Korea Armed Forces, as well as an international exporter of weapon systems.
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