"Targeting Egypt Defense Industry Market"... LIG Nex1's First Participation in 'EDEX 2023'

Declaration of Candidacy for African Continent, Promotion of Hosting, Neighboring Countries' Advanced Technology and Solutions

AESA, KGGB and Other Air Power Amplifying Air Weapon Systems and Anti-Tank Guided Weapons

LIG Nex1 (CEO Kim Ji-chan) is participating in the 'Egypt Defence Expo (EDEX 2023)' held in Cairo, Egypt, from the 4th to the 7th of this month.

EDEX is Egypt's largest international defense industry exhibition, held every two years, and this year marks its third edition. It is officially sponsored by the Egyptian Ministry of Defense, the Defense Procurement Authority, and the state-owned Arab Organization for Industrialization (AOI), with over 400 defense companies attending.

AOI was established in 1975 by Egypt, Saudi Arabia, the UAE, and Qatar for the joint development of the Arab defense industry. After organizational changes, it is currently owned by Egypt.

This is LIG Nex1's first participation in EDEX, marking its entry into the Egyptian defense market, which is predominantly composed of Russian and European weapon systems.

According to the '2022 World Defense Market Yearbook' published by the Defense Technology Promotion Research Institute, Egypt ranked third among the top 15 global arms importers from 2017 to 2021, accounting for a 5.7% market share.

LIG Nex1 plans to promote its advanced technologies to the host country and neighboring nations by exhibiting products such as the KGGB air-to-ground guided bomb, FA-50 AESA radar, and the Hyeongung anti-tank guided missile.

The Hyeongung, a medium-range guided weapon for infantry, is the first domestically developed third-generation anti-tank guided missile designed to effectively counter enemy tank threats.

When the operator detects the tank's thermal image to aim and fire, the missile autonomously seeks the target using infrared imaging, employing a so-called 'Fire and Forget' guidance system. It can attack not only the front of enemy tanks but also the relatively thinly armored top.

The KGGB (Korean GPS Guided Bomb) was developed by LIG Nex1 under the leadership of the Agency for Defense Development and can be mounted and operated on various aircraft, including the FA-50.

Equipped with a 'medium-range GPS guidance kit,' it enables long-range attacks and all-weather precision strikes day and night, as well as GPS jamming resistance.

The AESA radar, which will significantly enhance the combat performance of domestically produced fighter jets, is also a critical airborne system. Since 2006, the Korean military and government have been promoting the localization of AESA radar for fighter jets. LIG Nex1 participated as a prototype developer and, under the supervision of the Agency for Defense Development, has conducted about 15 years of research and development to produce the FA-50 AESA radar prototype.

Successful development of the domestic AESA radar is expected to secure differentiated competitiveness in the global market when exporting fighter jets in the future.

Kim Ji-chan, CEO of LIG Nex1, stated, "To pioneer the defense markets in the Middle East and Africa, we have been exploring various cooperative projects with government agencies and local defense companies. Through this event, we will showcase the technological competitiveness that LIG Nex1 has secured and strengthen our status as a global defense company."

LIG Nex1 booth.

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