LIG Nex1 : Conclusion of Single SalesContract or Supply Contract
April 12, 2022 at 01:31 am EDT
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Conclusion of Single Sales Contract or Supply Contract
1. Type of sales or supply contract
Other sales or supply contracts
- Name of contract concluded
Components Development for Baekdu System 2nd Performance Improvement Program
2. Details of contract
Contract amount (KRW)
345,455,000,000
Sales of the latest fiscal year (KRW)
1,822,194,315,440
Ratio to sales (%)
18.96
Classified as a large-sized corporation?
Yes
3. Counterparty to contract
Korea Aerospace Industries Ltd.
- Relationship to company
-
4. Regions of sales or supply (markets served)
Republic of Korea
5. Contract period
Start date
2022-04-07
End date
2026-12-31
6. Terms and conditions of contract
Due to national security concerns, details of the contract is not disclosed.
7. Effective date of contract (receipt of orders)
2022-04-07
8. Withholding of disclosure
Reasons for withholding disclosure
-
Withholding period
-
9. Other matters to be factored into investment decisions
1) The contract amount stated in above line 2 include tax.
2) Sales of the latest fiscal year above refers to the consolidated financial statement from Fiscal Year 2021.
3) Amount and period of this contract are subject to change during its contract period.
※ Related disclosure
-
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Disclaimer
LIG Nex1 Co. Ltd. published this content on 12 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 April 2022 05:30:03 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.
LIG NEX1 CO., LTD. 
