Hyundai Rotem Signs MOU with LIG Nex1 for Middle East Defense Export Cooperation

Joint Booth at '2024 Saudi International Defense Exhibition'
Strengthening Cooperation to Target Overseas Markets

Hyundai Rotem is initiating mutual cooperation with LIG Nex1 for defense export.

Hyundai Rotem announced on the 6th that it signed a "Memorandum of Understanding (MOU) for Defense Export Cooperation in the Middle East Region" with LIG Nex1 at the "2024 Saudi International Defense Exhibition (WDS·World Defense Show)" held in Riyadh, the capital of Saudi Arabia, on the 5th (local time).

At the 2024 Saudi International Defense Industry Exhibition (WDS), Lee Jeong-yeop, Executive Director and Head of Defense Solution Business Division at Hyundai Rotem (eighth from the left), and Lee Hyun-soo, Vice President and Head of Overseas Business Division at LIG Nex1 (ninth from the left), along with other officials, are taking a commemorative photo after signing an MOU.
[Photo by Hyundai Rotem]

This agreement was established based on the mutual understanding of the increasing demand for defense products, including weapon system modernization projects concentrated in the Middle East region, and the necessity to strengthen the export competitiveness of K-defense. Through this agreement, both companies will share related business materials and information and mutually support the progress of export projects.

Since signing the "Memorandum of Understanding for Business Cooperation in the Defense Sector" with LIG Nex1 in 2020, Hyundai Rotem has continuously maintained a cooperative relationship with LIG Nex1. At that time, through the memorandum, Hyundai Rotem agreed to cooperate with LIG Nex1 on overall defense exports as well as on defense sectors including mobile weapons and unmanned systems.

In fact, Hyundai Rotem has showcased a series of models equipped with LIG Nex1’s guided weapon systems and Anti-Drone System (ADS) on its latest unmanned system platforms at numerous domestic and international defense exhibitions. At the UAE's 'IDEX 2023' held last year, a model of Hyundai Rotem’s multipurpose unmanned vehicle equipped with LIG Nex1’s guided weapon system Hyungung was exhibited, and at Poland's 'MSPO 2023' held the same year, an unmanned concept vehicle called Defense Drone was displayed equipped with ADS.

At the WDS defense exhibition held in Riyadh, Saudi Arabia, from the 4th (local time), the two companies set up a joint booth for the first time and are strengthening cooperation to target overseas markets by exhibiting the Defense Drone equipped with ADS and the multipurpose unmanned vehicle equipped with the guided weapon system Bigung, which were previously introduced.

Going forward, the two companies plan to keep open various possibilities for cooperation in the defense sector beyond unmanned systems and continue efforts to enhance global market competitiveness.

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