LIG Nex1 Surpasses 6 Trillion Won in Order Backlog for the First Time Last Year

[Asia Economy Yang Nak-gyu Reporter] Last year, LIG Nex1's order backlog surpassed 6 trillion won for the first time.

LIG Nex1 announced on the 3rd that its order backlog in 2019 reached 6.184 trillion won. This represents a 9.4% increase compared to the previous year.

A LIG Nex1 official explained, "Despite the recent downturn in the domestic defense market, the order backlog increased due to continuous new contracts in areas such as guided weapons and surveillance reconnaissance."

In December last year, LIG Nex1 signed contracts totaling 858.2 billion won based on public disclosures, including the supply of sonar systems, mass production supplies for training aircraft, integrated prototype development of the surface-to-air missile (L-SAM) system, mass production of the anti-ship guided missile Haegung, and mass production of the infantry mid-range guided weapon Hyeongung.

This year, the company is actively carrying out activities to secure new orders.

In January, the Defense Acquisition Program Administration reviewed and approved the initial mass production plan for the guided weapon "Jung-eo-ryo-II," in which LIG Nex1 participated in development. The total mass production scale of "Jung-eo-ryo-II" is about 660 billion won until 2031, and the contract is expected to be signed within this month.

A LIG Nex1 official emphasized, "Through accumulated research and development experience and the convergence of core technologies, we are accelerating efforts to secure next-generation advanced technologies to respond to future warfare, including the strength enhancement robot (LEXO), unmanned surface vessel (Haegum-II), small reconnaissance drones, and multipurpose unmanned helicopters."

This content was produced with the assistance of AI translation services.