South Korea’s LIG Nex1 secures contract to supply Saudi Arabia with surface-to-air missile defence system

South Korean defence firm LIG Nex1 has won a $3.2 billion deal to export a mid-range surface-to-air missile defence system to Saudi Arabia.

Notably, the Saudi defence ministry agreed to buy 10 batteries of a mid-range, medium-altitude interception system called Cheongung M-SAM II that can cope with ballistic missile and aircraft attacks.

The details of the deal were disclosed at the sidelines of the World Defense Show in Riyadh.