LIG Nex1 Establishes Strategic Partnership with Airbus DS

On the 18th, LIG Nex1 participated in the ‘Seoul International Aerospace and Defense Exhibition (ADEX) 2023’ held at Seongnam Seoul Airport and signed an MOU with France's Airbus Defense & Space for the development of satellite, aviation, and air defense sectors.

The signing ceremony was attended by Kim Ji-chan, CEO of LIG Nex1, Mr. Francisco Sanchez, COO and CTO of Airbus Defense & Space, along with key officials from both LIG Nex1 and Airbus Defense & Space.

LIG Nex1 signed a strategic cooperation agreement (MOU) with Airbus Defense & Space at ADEX 2023 to advance the fields of satellites, aviation, and air defense. Kim Ji-chan, CEO of LIG Nex1 (left), is shaking hands with Francisco Sanchez, Senior Vice President of Airbus, after signing the agreement.

Cooperation between the two companies in the satellite sector is drawing attention. With the recent advent of the ‘Newspace’ era of private space development, the government is also reorganizing space aviation agencies and policies to promote the development of the space industry.

In line with this trend, LIG Nex1 has diligently secured technology through numerous government-led projects, including the ‘micro-satellite system military ground segment’ contract signed in May, as well as through its own investments.

This cooperation in the satellite sector is expected to further accelerate LIG Nex1’s research and development capabilities and serve as a foundation to expand its business area into the satellite service sector, where market creation is anticipated in the future.

Additionally, through this MOU, both companies plan to explore concrete measures for joint overseas market development, including establishing aviation maintenance hub infrastructure targeting the Asian market, as well as marketing activities in the domestic market.

Kim Ji-chan, CEO of LIG Nex1, stated, “The two companies have maintained a strong relationship through the Multipurpose Practical Satellite 6 project in the past, and through this agreement, we will do our best to jointly develop overseas markets as the relationship broadens and deepens and the status of K-defense industry rises.”

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