Due to national security concerns, details of the contract is not disclosed.
7. Effective date of contract (receipt of orders)
-
8. Withholding of disclosure
Reasons for withholding disclosure
Business confidentiality
Withholding period
-
9. Other matters to be factored into investment decisions
1) Contract details are not provided in this disclosure due to security requirements per defense industry regulations.
2) Above mentioned contract amount is in Korean Won(), converted from USD by using Seoul Money Brokerage Services' Basic Exchange Rate as of Jan. 17th, 2022(1,187.60 won/dollar).
3) Sales of the latest fiscal year(KRW) in above Item No. 2 refers to Year 2020 consolidated sales figure.
4) Contract amount may change depending the progress of the program.
5) This disclosure shall be considered as final statement for response to rumors or media reports dated November 18th, of 2021.
※ Related disclosure
2021-12-17 풍문 또는 보도에 대한 해명(미확정)
2021-11-18 풍문 또는 보도에 대한 해명(미확정)
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LIG Nex1 Co. Ltd. published this content on 19 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 January 2022 01:01:05 UTC.
LIG Nex1 Co Ltd is a Korea-based company mainly engaged in the research, development and production of weapon systems. The Company provides weapons systems mainly used in defense industry fields including precision guided munitions (PGMs), intelligence, surveillance and reconnaissance (ISR), avionics and electronic warfare (AEW), command, control, communications, computers, and information (C4I). PGMs products are composed of antiair, antiship and antisubmarine, earth, air to ground and underwater weapons. ISR products include search radars, tracking radars, image radars, electro-optical equipment, and underwater surveillance systems. AEW products include electronic warfare systems such as avionics, ship and aircraft electronic warfare and army electronic warfare. C4I products include communication terminals, radios and combat systems.