LIG Nex1 Co., Ltd. (KOSE:A079550) shares rallied December 11, 2023 as traders cheered the South Korean defense company?s plan to acquire U.S. military-robot maker Ghost Robotics Corporation. LIG Nex1 said in a regulatory filing late December 8, 2023 that it will pair up with a Korean private equity fund to buy a 60% stake in Ghost Robotics for $240 million. The company said it would complete the acquisition by June 30, 2024.

Seoul-based DB Financial Investment said in a research note December 11, 2023 that LIG Nex1?s planned acquisition has boosted investors? expectations for its entry into the U.S. defense market. Ghost Robotics?

?Vision 60? four-legged robots have been deployed at U.S. air bases in Florida and Nevada, and are also supplied to the U.K. military, DB said.