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LIG Nex1 wins $2.78 bil. deal to export missile defense system Cheongung-II to Iraq

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LIG Nex1, South Korea's major defense firm, said Friday it has secured a 3.7 trillion-won ($2.78 billion) contract with Iraq to export its Cheongung-II medium-range surface-to-air missile defense system. The deal was made with Iraq's defense ministry, though specific financial details were withheld for security reasons, according to LIG Nex1's regulatory filing. It is the third ... https://bit.ly/outlookindiasports

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